679 24 1/2 RdGrand Junction, CO 81505

Property Details for 679 24 1/2 Rd

Lot size

5.28 AC

Property type

Residential income properties

Property subtype

Other 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.

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.1039

Longitude

-108.601

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