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    551 Grand Ave Fruita, CO 81521

    For Sale
    $500,000

    Classic bungalow, endless potential.

    Property size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This unique 900-square-foot mixed-use property in Fruita, Colorado, presents a compelling investment opportunity. Located at 551 E Grand Ave, this 0.55-acre lot boasts a charming 1925 bungalow, currently zoned C1-DMU, allowing for a variety of neighborhood-friendly businesses. The property's current use is as a creative office and single-family rental portfolio. The asking price is $500,000, contingent upon the owner securing a suitable replacement property. All offers are subject to this contingency. The single-story building offers 900 square feet of net rentable space, translating to a price per square foot of $555.56. Fruita's proposed future land use map designates this area for downtown mixed-use development, opening up exciting possibilities. Imagine transforming this space into multifamily housing, a ground-floor commercial space with residential units above, or a warehouse with upper-level living quarters. The possibilities are vast. The property's APN is 2697-174-16-011. A 24-hour notice is required for all showings. This is a rare chance to acquire a versatile property in a growing Colorado town.

    Property Features for 551 Grand Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    900 SF
    Class
    C
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1925
    Buildings
    1
    Stories
    1

    HighLights

    • $500,000 asking price for a mixed‑use property in Fruita, CO.
    • 900 square foot, single‑story building on a 0.55‑acre lot.
    • C1‑DMU zoning, allowing for mixed‑use development.
    • 1925‑built building with potential for multifamily and/or commercial redevelopment.
    • Broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fruita
    County
    Mesa
    State
    Colorado
    Longitude
    -108.7275436
    Latitude
    39.1536987

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    FAQs

    What type of property is this?
    Multifamily property - Classic bungalow, endless potential.
    Where is this multifamily property located?
    The property is located at 551 Grand Ave Fruita, CO.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price for a mixed-use property in Fruita, CO.; 900 square foot, single-story building on a 0.55-acre lot.; C1-DMU zoning, allowing for mixed-use development.
    Request Owner's contact information
    551 Grand Ave Fruita, CO 81521
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    Fruita, CO 81521
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    551 Grand Ave Fruita, CO 81521
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