1162 Ute Ave Grand Junction, CO 81501
- Auto shops
- 1,296 SF
- 0.43 lot acres
Current Use by Public Records
- Roto-Rooter Plumbing & Drain Service / Plumber / Septic System Service
Property Details for 1162 Ute Ave
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.43 lot acres
- Property size
- 1,296 SF
- Zone code
- C-1
- Property type
- Auto shops
- APN
- 2945-144-25-003
- APU
- 294514425003
Description
This exceptional 1,296 square foot commercial property, located at 1162 Ute Avenue in Grand Junction, Colorado, presents a unique investment opportunity. The building, constructed in 1958 and renovated in 1990, features a blend of office and warehouse space, ideal for a variety of businesses. The 296 square foot office area includes a reception area and showroom with a glass storefront, providing excellent visibility. The 1,000 square foot warehouse boasts two dock-high doors and washer/dryer hookups. Situated on a 0.43-acre lot, this property offers ample parking (25 spaces) and a fenced yard providing additional storage. The property benefits from a high-traffic corner location with a lighted pole sign, ensuring excellent visibility. Zoned MU-2, this property offers significant development potential. The asking price is $425,000, and the property is offered with a NNN lease type. Key features include a signalized corner lot with 100-150 feet of frontage, three-phase power, and a prime location in downtown Grand Junction (zip code 81501). The property's APN is 2945-144-25-003. This is a single-story building with one unit.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $315,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $340,000
- Mixed-Use
- $400,000
- Hospitality
- $350,000
- Educational
- $345,000
- Residential Income
- $375,000
- Energy
- $370,000
- Income-Based Land
- $350,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.553
- Latitude
- 39.0656
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA