2304 Interstate Ave Grand Junction, CO 81505-9439
- Flex space
- 9,600 SF
- 4.29 lot acres
Current Use by Public Records
- Flexpipe Systems / Pipe Supplier
Property Details for 2304 Interstate Ave
- Year built
- 1975
- Construction
- STEEL FRAME
- Lot size
- 4.29 lot acres
- Property size
- 9,600 SF
- Zone code
- I-1
- Property type
- Flex space
- APN
- 2701-323-02-020
- APU
- 270132302020
Description
This exceptional 9,600-square-foot industrial property, located at 2304 Interstate Ave in Grand Junction, Colorado, presents a unique investment opportunity. Built in 1975, this single-story building sits on a 4.23-acre lot and is zoned I-1. The property features a blend of office and warehouse space, ideal for a variety of businesses. The office area encompasses 4,640 square feet, offering 13-16 individual suites, providing flexibility for various tenants or internal departments. The warehouse component comprises 4,960 square feet and boasts six overhead doors – three on the east side, one on the north, and two on the west – facilitating efficient loading and unloading. The property is currently vacant, allowing for immediate occupancy and customization to suit specific operational needs. Its convenient location near Interstate 70 ensures excellent accessibility and visibility. The property's APN is 2701-323-02-020, and the asking price is $1,891,640. This property offers a compelling combination of office and warehouse space in a desirable location, making it an attractive investment prospect. The spacious layout and strategic location provide significant potential for growth and profitability. The ample lot size also offers potential for future expansion or development.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,565,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,575,000
- 6.5%
- $1,485,000
- 7%
- $1,700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,430,000
- Geo Method
- $1,495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,490,000
- Retail
- $1,315,000
- Mixed-Use
- $1,510,000
- Hospitality
- $1,445,000
- Educational
- $1,690,000
- Residential Income
- $1,650,000
- Energy
- $1,265,000
- Income-Based Land
- $1,515,000
- Food Service
- $1,395,000
Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.626
- Latitude
- 39.1129
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
