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    Tbd Aspen St Grand Junction, CO 81503

    For Sale
    $675,000

    6.77 Acres, R-4 Zoning, Grand Junction

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 6.77-acre parcel presents a prime residential development opportunity in Grand Junction, Colorado. Located on TBD Aspen Street in the Orchard Mesa area, this property is zoned R-4, allowing for a high-density residential project. The comprehensive plan supports up to 12 units per acre, offering significant potential for multifamily development. The lot is conveniently situated with readily available utilities and access, streamlining the development process. The property's APN is 2945-261-36-001. This is a remarkable chance to capitalize on the strong demand for housing in this thriving Grand Junction neighborhood. The asking price is $675,000. Ownership is held by Applewood South LLC. The property is ready for immediate development, making it an attractive investment for builders and developers seeking a high-return project. This exceptional location in Mesa County, Colorado, zip code 81503, offers easy access to amenities and boasts a desirable location within Grand Junction. The property is platted, simplifying the development process. This is a rare opportunity to acquire a large, well-located parcel suitable for a substantial residential development.

    Property Features for 0 Tbd Aspen St

    General Information

    Property type
    Land
    Lot Size
    294,901 SF

    HighLights

    • 6.77 acres of platted land.
    • Up to 12 units per acre allowed.
    • Utilities and access readily available.
    • Excellent development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.56108185386
    Latitude
    39.044944338732

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    FAQs

    What type of property is this?
    Land - 6.77 Acres, R-4 Zoning, Grand Junction
    Where is this land located?
    The property is located at Tbd Aspen St Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 6.77 acres of platted land.; Up to 12 units per acre allowed.; Utilities and access readily available.
    (970) 244-6602
    Request Owner's contact information
    Tbd Aspen St Grand Junction, CO 81503
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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
    Tbd Aspen St Grand Junction, CO 81503
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