Property profile

251 Colorado Ave Grand Junction, CO 81501

OFF-MARKET
Retail properties & Spaces
Property ID
US13-0981477
3,040 SF 0.29 ac lot
Entity Owned 7-yr Hold
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Property summary

AI-generated overview

This exceptional 3,040 square foot executive office building is ideally situated at 251 Colorado Avenue in Grand Junction, Colorado, 81501. Located on the southwest corner of Colorado Avenue and 3rd Street, this high-visibility freestanding building offers unparalleled exposure and accessibility. The property boasts ample parking, including five city lots measuring 25' x 135', providing convenient parking for tenants and visitors. Currently vacant and immediately available, this two-level building sits on a 0.29-acre lot, presenting a unique opportunity for a business seeking a prominent presence in a thriving area. The property is zoned for retail and office use, making it versatile and adaptable to a variety of business needs. Its prime location near downtown Grand Junction ensures high traffic volume and excellent visibility, making it an attractive investment for businesses seeking a strategic location in Mesa County. The asking price for this exceptional property is $697,000. Don't miss this chance to own a highly visible and well-located commercial property in a growing market.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,040 SF
Lot 0.29 ac (12,632 SF)
UPID US13-0981477

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

251 Colorado Ave Grand Junction, CO 81501
Grand Junction metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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