675 23 1/2 Rd Grand Junction, CO 81505
- Land
- 144.01 lot acres
Current Use by Public Records
- Land
Property Details for 675 23 1/2 Rd
- Lot size
- 144.01 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 144.01-acre land parcel in Grand Junction, Colorado, presents a significant development opportunity. Located at 675 23 1/2 Road, 81505, this property boasts a PD zoning designation, allowing for a diverse range of uses. The site is strategically positioned near major transportation arteries, including I-70 and Highways 6 & 50, ensuring excellent accessibility. Its proximity to established amenities such as Community Hospital, Costco, City Market, numerous hotels, shopping centers, Mesa Mall, and the business district further enhances its appeal. Approved plans allow for approximately 700,000 square feet of commercial space and 1,600-2,000 residential units, catering to retail, medical, office, industrial, and residential development. The development envisions a vibrant mixed-use community center, emphasizing a balance between work and outdoor living, incorporating green energy-efficient housing and extensive biking trails. Comprehensive utilities and infrastructure designs are available for acquisition, facilitating a streamlined development process. The property's designation as an Opportunity Zone adds significant investment incentives. This is a rare chance to acquire a large-scale development site in a rapidly growing metropolitan area. The asking price is $28,000,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.618
- Latitude
- 39.1033
