2248 Colex DrGrand Junction, CO 81505

Property Details for 2248 Colex Dr

Lot size

1.44 AC

Zone code

I-1

Property type

Industrial land

APN

2701-314-17-006

APU

270131417006

Description

This exceptional offering presents four prime industrial lots within the thriving High Desert Commercial Park in Grand Junction, Colorado. Two lots encompass one acre each, while others measure 1.29 and 1.44 acres respectively. Situated on Colex Drive, this location boasts unparalleled access to Interstate 70, providing seamless connectivity to major transportation routes. The property's strategic placement in Northwest Grand Junction, just off G Road behind the Ford dealership, places it within a rapidly expanding commercial zone. The light industrial zoning designation allows for diverse commercial uses, including restaurants, manufacturing facilities, warehouses, and other suitable businesses. This presents a rare opportunity to acquire land in a high-demand area with excellent visibility and accessibility. The property's proximity to the business loop further enhances its appeal for businesses seeking convenient access to Grand Junction's commercial heart. Given the scarcity of available one-acre industrial lots in this location, interested parties are urged to act swiftly to secure their preferred lot before this exceptional opportunity disappears. The asking price for each lot is $304,000. The address is 2248 Colex Drive, Grand Junction, CO 81505. Mesa County is the county location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,415,900

  6.5%

  $23,460,800

  7%

  $21,785,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,424,100

  Geo Method

  $8,291,880

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $12,085,700

  Mixed-Use / Specialty

  $12,086,100

  Hospitality / Lodging

  $8,923,740

  Office

  $12,059,500

  Institutional / Educational

  $12,580,200

  Residential Income

  $14,718,800

  Multifamily

  $17,412,100

  Automotive / Energy

  $10,783,000

  Parking / Income-Based Land

  $3,678,160

  Restaurant / Food Service

  $6,378,790

  Healthcare / Senior Housing

  $12,349,500

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.1092

Longitude

-108.635

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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