2148 BroadwayGrand Junction, CO 81507

Property Details for 2148 Broadway

Year built

1977

Construction

STEEL FRAME

Lot size

4.50 AC

Property size (Sq ft)

43,559 SF

Zone code

C-1

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

2947-232-00-194

APU

294723200194

Description

Monument Village Center, located at 2148 Broadway in Grand Junction, Colorado (zip code 81507), presents a unique opportunity for businesses seeking versatile space. This established complex, built in 1977, comprises three single-story buildings totaling 54,314 square feet on a 4.83-acre lot. The property currently features five suites, with 18,162 square feet of vacant space available for lease. Units range from a minimum of 764 square feet to a maximum contiguous space of 10,928 square feet, catering to a variety of business needs, including retail, restaurant, and traditional office uses. The property's multiple tenancy structure offers flexibility for diverse occupants. The property's location on the Redlands provides excellent visibility and accessibility. Annual property taxes are $0.78 per square foot. This is an exceptional opportunity to establish or expand your business in a thriving Grand Junction location. Contact us today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $7,824,960

  6.5%

  $7,223,040

  7%

  $6,707,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,194,176

  Geo Method

  $4,138,671

• Alternative Use

  Use

  Valuation

  Residential

  $9,162,731

  Hospitality

  $8,393,013

  Educational

  $6,982,888

  Medical

  $7,223,040

  Retail

  $10,862,270

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0878

Longitude

-108.651

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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