630 7Th StGrand Junction, CO 81501

Property Details for 630 7Th St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.50 AC

Property size (Sq ft)

62,254 SF

Zone code

C-2

Property type

Warehouses

APN

2945-231-01-028

APU

294523101028

Description

This exceptional 2.6-acre commercial land parcel, situated at 630 South 7th Street in Grand Junction, Colorado, presents a unique investment opportunity. The property is ideally located for retail development, offering excellent north/south connectivity via 7th Street to Riverside Parkway. Currently, a 35,280 square foot building occupies the site, providing options for renovation, demolition, or a build-to-suit project. The location within Grand Junction's growing trade area, coupled with its proximity to the downtown core, makes it highly attractive. This underserved market is ripe for development, particularly for grocery and food & beverage establishments. Furthermore, the property benefits from the incentives offered by the Business Improvement District and Downtown Development Authority, making this a compelling proposition for developers seeking a prime location with significant potential for growth and return. The property's zip code is 81501, and it's located in Mesa County. The site is available for both outright sale and ground lease arrangements. This presents a flexible opportunity for various development scenarios. The property's prime location and the potential for significant incentives make this a truly remarkable opportunity in a thriving Colorado market.

• CAP approach

  CAP return

  Valuation

  6%

  $25,224,700

  6.5%

  $23,284,300

  7%

  $21,621,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,270,500

  Geo Method

  $8,229,480

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $11,994,800

  Mixed-Use / Specialty

  $11,995,100

  Hospitality / Lodging

  $8,856,590

  Office

  $11,968,800

  Institutional / Educational

  $12,485,500

  Residential Income

  $14,608,100

  Multifamily

  $17,281,100

  Automotive / Energy

  $10,701,900

  Parking / Income-Based Land

  $3,650,490

  Restaurant / Food Service

  $6,330,790

  Healthcare / Senior Housing

  $12,256,600

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0625

Longitude

-108.56

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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