675 23 1/2 Rd Grand Junction, CO 81505
This exceptional 1.5-177 acre mixed-use development in Grand Junction, Colorado, presents a unique investment opportunity. Located conveniently off I-70, south of Community Hospital and adjacent to the new Costco, this PUD-zoned property boasts a prime location within a thriving business and medical hub. The development offers multiple lot sizes ranging from 1.5 to 177 acres, with prices per square foot ranging from $7.50 to $9.00. All lots include completed infrastructure, such as roads and improvements. The approved development plan allows for up to 700,000 square feet of commercial space and 2,000 residential units, providing significant flexibility for various tenant mixes. This is an unparalleled chance to develop independently or collaborate with the current developer, capitalizing on the Grand Valley's remarkable growth and the property's strategic location. The property's address is 675 23 1/2 Rd, Grand Junction, CO 81505. Building sizes range from 60,000 to 700,000 square feet. This is a truly exceptional opportunity to shape the future of Grand Junction.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.