248 E 1st Street, Parachute, CO 81635

$590,000

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List Price
$590,000
Status
ACTIVE
MLS#
193864
Year Built
1908
Acres
0.12
Region
Parachute
Neighborhood
13-Parachute Proper

Property Description

True Small Town Living: Exceptional investment opportunity featuring a centrally located mixed-use property with commercial space on the ground level and 2 bedroom, 1 bath residential apartment above. The lower level offers excellent visibility and accessibility, making it ideal for retail, office, or service-based businesses. Upstairs apartment provides comfortable living accommodations, creating the perfect live-work setup or an additional source of rental income. Abundance of parking and storage. Don't miss the opportunity to get in now before the projected growth of Parachute on the brink of a transformative journey. First Street serves as the central thoroughfare of Parachute, running through the downtown area and hosting local businesses, shops, and community events It is the focus of a significant downtown revitalization project aimed at enhancing pedestrian access, adding bike lanes, creating park and plaza spaces, and improving the overall aesthetic and functionality of the town center (source: parachute.gov) .

Additional Information

Taxes
$2,529
Tax Year
2025
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jennie A Marcotte 970-379-3232 from Listing Office: FreeByrd Real Estate.

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