2225 Riv Rd Grand Junction, CO 81505-9435
- Flex space
- 8,498 SF
- 2.00 lot acres
Current Use by Public Records
- High Horsepower Diesel / Auto Repair Shop
Property Details for 2225 Riv Rd
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 2.00 lot acres
- Property size
- 8,498 SF
- Zone code
- I-2
- Property type
- Flex space
- APN
- 2945-062-04-005
- APU
- 294506204005
Description
This exceptional 8,500-square-foot industrial property in Grand Junction, Colorado, presents a unique investment opportunity. Located at 2225 River Road, this single-tenant building boasts a versatile layout ideal for various industrial uses. The property features seven dock-high doors and three drive-in bays, complemented by indoor and outdoor wash bays equipped with trench drains and an inspection pit. Additional amenities include a private office, ample storage rooms, and multiple restrooms. Sitting on approximately two acres of land, the site is partially fenced and enjoys a strategic location adjacent to the railroad. Its prime position near the I-70 and 22 Road interchange ensures high visibility from River Road and Highway 6&50/I-70B. The I-1 zoning allows for a wide array of industrial applications, including manufacturing and repair shops. Built in 2001, the property offers 8,498 square feet of vacant space. The Mesa County property (APN 2945-062-04-004) has a convenient 81505 zip code. Utilities and NNN expenses are the responsibility of the tenant. This property offers significant potential for a variety of businesses seeking a well-equipped and strategically located industrial space.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,090,000
- 6.5%
- $1,005,000
- 7%
- $935,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,164,000
- AI Estimate
- $805,000
Market price range: $828k - $1.54MMarket price range: $367k - $1.14M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,140,000 Current use
- COMMERCIAL (GENERAL)
- $1,505,000 Change: +32% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,255,000 Change: +10% Conversion: Easy
- OFFICE BUILDING
- $1,195,000 Change: +5% Conversion: Difficult
- RETAIL STORES
- $1,150,000 Change: +1% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.64
- Latitude
- 39.1061
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA