2530 8Th StGrand Junction, CO 81501

Property Details for 2530 8Th St

Year built

1984

Construction

WOOD

Property size (Sq ft)

428 SF

Property type

Commercial real estate

APN

2945-111-16-977

APU

294511116977

Description

This 2,226 square foot medical office condo, located at 2530 N 8th Street, #102, Grand Junction, CO 81501, is offered at $235,000 ($105.57/sq ft). The unit is currently gutted, providing a blank canvas for a new owner to customize the space to their exact specifications. Natural light floods the space through windows on the north and east sides. A new air conditioning unit was installed last year, ensuring comfortable climate control. The condo fees cover the majority of building maintenance needs, offering peace of mind. The building itself is well-maintained, and the shared entryway has recently undergone updates. This centrally located property enjoys a highly desirable position just blocks from St. Mary's Hospital, providing excellent accessibility for patients and staff. This presents a unique opportunity to create a state-of-the-art medical practice in a convenient and well-maintained building. The property's location in Mesa County, Colorado, offers a strong foundation for a thriving medical business. The address is easily accessible and benefits from the proximity to a major medical facility. This turnkey opportunity awaits a visionary owner to transform this space into a successful medical practice.

• CAP approach

  CAP return

  Valuation

  6%

  $89,143.30

  6.5%

  $82,286.20

  7%

  $76,408.60

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,100.40

  Geo Method

  $35,361.40

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $160,081

  Retail / Commercial

  $82,464.90

  Mixed-Use / Specialty

  $82,467.30

  Hospitality / Lodging

  $60,889.60

  Office

  $82,286.20

  Institutional / Educational

  $85,838.70

  Residential Income

  $100,431

  Multifamily

  $118,808

  Automotive / Energy

  $73,576.10

  Parking / Income-Based Land

  $25,097.30

  Restaurant / Food Service

  $43,524.50

  Healthcare / Senior Housing

  $84,264.70

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0912

Longitude

-108.558

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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