679 24 1/2 Rd Grand Junction, CO 81505
- Land
- 5.28 lot acres
Current Use by Public Records
- Land
Property Details for 679 24 1/2 Rd
- Lot size
- 5.28 lot acres
- Property type
- Land
Description
This exceptional 5.28-acre parcel in Grand Junction, Colorado, presents a remarkable opportunity for multi-family development. Located at 679 24 1/2 Rd, 81505 (APN 2945-042-00-138), this RH-24 zoned land offers significant potential for investors and developers. The property boasts convenient access to essential amenities, including the Mesa Mall, Community Hospital, banks, retail stores, coffee shops, a movie theater, and a grocery store, all within walking distance. Utilities are readily available, with sewer access along 24 1/2 Rd and the west property line, a water tap already installed on the property, and gas and electric services present. While some demolition of existing structures is required, this factor is reflected in the asking price of $865,000 ($3.76/sq ft land value). The existing building and shop could potentially generate income during the development phase. This flag lot is situated in a rapidly developing area, surrounded by other multi-family and commercial projects, making it an ideal location for a lucrative investment. Don't miss this chance to capitalize on Grand Junction's thriving real estate market.
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
- -108.601
- Latitude
- 39.1039
