8.62 Acre Multifamily Development
For Sale
$825,000
171 Lake Rd, Grand Junction, CO 81507
8.62 acre parcel suitable for multi-family housing development.
Property Size753 SF
Lot Size8.62 Acres
Price / SF$1,095
Days on Market148
Property Features for 171 Lake Rd
General Information
Standard status
Active
Size
753 SF
Lot size
8.62 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$1,478
Listing Agency:
BRAY/COMMERCIAL
(970) 241-2909
Listed By:
BRIAN BRAY · License #FA40038007
(970) 986-0446
Source:
Exprealty
Added: May 15
Changed: Sep 12
Last Checked: Oct 7 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRAY/COMMERCIAL
Investment Insights
Based on property information with market context.
This 8.62-acre parcel is suitable for multi-family housing development. The zoning allows for mixed-use development. The property is located directly behind a shopping center anchored by a grocery store and offers proximity to downtown. The site provides direct access to The Riverfront Trail System for hiking and biking, Colorado State Park Connected Lakes, and the Colorado River.
Key Highlights
- 8.62‑acre parcel zoned for multi‑family housing and mixed‑use development.
- Direct access to The Riverfront Trail System (hiking & biking), Colorado State Park Connected Lakes, and the Colorado River.
- Located directly behind a grocery store‑anchored shopping center.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 81507, CO
16,053
Population
7,256
Households
2.2
Avg Household Size
51
Median Age
56%
College-Educated
98%
High-School Grad
112.2 sq mi
ZIP Area
143
Density / Sq Mi
$106,039
Median Household Income
$53,084
Median Earnings
$1,580
Median Rent
$491,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 8.62 acre parcel suitable for multi-family housing development.
Where is this residential land & home lot located?
The property is located at 171 Lake Rd Grand Junction, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 8.62‑acre parcel zoned for multi‑family housing and mixed‑use development.; Direct access to The Riverfront Trail System (hiking & biking), Colorado State Park Connected Lakes, and the Colorado River.; Located directly behind a grocery store‑anchored shopping center.
