310 7Th StGrand Junction, CO 81501

Property Details for 310 7Th St

Year built

1926

Construction

WOOD

Lot size

0.75 AC

Property size (Sq ft)

15,759 SF

Zone code

CSR

Property type

Strip malls

Property subtype

Neighborhood centers

APN

2945-144-62-005

APU

294514462005

Description

This historic 1926 building, located at 310 N 7th St, Grand Junction, CO 81501, offers two unique office suites ideal for creative businesses, co-working, or startups. Situated in the Downtown submarket, near Grand Ave., this property boasts high ceilings, large windows providing ample natural light, and preserved historic features. Each suite features its own lockable entrance, with an option to connect the two via a shared lockable door. Additional lockable storage may be available in the hallway for an extra fee. Tenants enjoy access to approximately 15,000 square feet of outdoor common space, perfect for events. All utilities, including 1 GB fiber internet, are included in the negotiable rent. Flexible lease terms are available, including short-term options and long-term leases with early-year rent discounts. The building has undergone nearly one million dollars in recent renovations, with an additional half-million planned by 2026. This property is part of the North Seventh Street Historic District and is listed on the National Register of Historic Places. The building's diverse tenant community includes small businesses, artists, and non-profits, fostering a collaborative environment. An award-winning taproom with an outdoor beer garden is a long-term anchor tenant. This is a rare opportunity to lease affordable, inspiring space in a charming, historic building.

• CAP approach

  CAP return

  Valuation

  6%

  $4,257,292

  6.5%

  $3,929,808

  7%

  $3,649,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,081,753

  Geo Method

  $3,281,062

• Alternative Use

  Use

  Valuation

  Residential

  $3,314,940

  Hospitality

  $3,036,468

  Educational

  $2,526,305

  Medical

  $2,613,189

  Retail

  $3,929,808

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0698

Longitude

-108.561

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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