721 7Th StGrand Junction, CO 81501

Property Details for 721 7Th St

Year built

1974

Construction

STEEL FRAME

Lot size

0.32 AC

Property size (Sq ft)

11,400 SF

Zone code

C-2

Property type

Flex space

APN

2945-231-00-036

APU

294523100036

Description

Exceptional opportunity to acquire a 10,570-square-foot industrial property in Grand Junction, Colorado. This single-story, Class C building, constructed in 1974, sits on a 0.32-acre lot and boasts a desirable central location, close to downtown amenities. The property features 8,250 square feet of warehouse space and 2,320 square feet of office/retail/showroom space, perfect for a variety of uses. The warehouse benefits from a 20-foot ceiling height and two loading docks, enhancing operational efficiency. The property is currently vacant and zoned C-2, offering flexibility for potential buyers. The asking price is $1,100,000, translating to $104.07 per square foot. This property is situated within an Opportunity Zone, presenting potential tax advantages for qualified investors. The building is a free-span metal structure, providing ample, unobstructed space. The property's address is 721 S 7th Street, Grand Junction, CO 81501, and its APN is 2945-231-00-036. This is a rare opportunity to own a well-located, versatile industrial property in a thriving Colorado market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,619,160

  6.5%

  $4,263,840

  7%

  $3,959,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,711,940

  Geo Method

  $1,506,990

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,196,490

  Mixed-Use / Specialty

  $2,196,560

  Hospitality / Lodging

  $1,621,830

  Office

  $2,191,730

  Institutional / Educational

  $2,286,360

  Residential Income

  $2,675,040

  Multifamily

  $3,164,530

  Automotive / Energy

  $1,959,740

  Parking / Income-Based Land

  $668,480

  Restaurant / Food Service

  $1,159,300

  Healthcare / Senior Housing

  $2,244,430

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0603

Longitude

-108.561

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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