2345 7Th StGrand Junction, CO 81501

Property Details for 2345 7Th St

Year built

1964

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

2,747 SF

Zone code

B-1

Property type

Healthcare properties

Property subtype

Medical offices

APN

2945-111-01-005

APU

294511101005

Description

This exceptional 2,062 square foot medical office building, situated on a 0.15-acre corner lot in Mesa County, presents a unique leasing opportunity. Currently, 916 square feet of space is immediately available for lease within this multi-tenant building. The available suite boasts four private rooms, a welcoming reception area, and a convenient restroom. Its location offers unparalleled visibility and accessibility, being situated in a healthcare-focused neighborhood directly adjacent to St. Mary’s Regional Medical Center. Ample parking is readily available both on-site and on the street, ensuring convenience for both staff and patients. The property's prime location also benefits from its proximity to Colorado Mesa University, providing a strong potential patient base. The lease terms are structured as a modified gross lease, offering a straightforward and transparent rental agreement. This property is ideal for a variety of medical practices seeking a well-appointed space in a thriving healthcare community. The building's strategic location and modern amenities make it an attractive option for businesses looking to establish or expand their presence in this desirable area. Don't miss this chance to secure a prominent position in a high-demand medical market.

• CAP approach

  CAP return

  Valuation

  6%

  $504,831

  6.5%

  $465,998

  7%

  $432,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,030

  Geo Method

  $226,957

• Alternative Use

  Use

  Valuation

  Residential

  $577,838

  Hospitality

  $529,296

  Educational

  $440,368

  Medical

  $455,513

  Retail

  $685,017

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0891

Longitude

-108.561

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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