2385 G RdGrand Junction, CO 81505

  • Land
  • 7.81 AC
For Sale
$5,000,000 View listing

Property Details for 2385 G Rd

Lot size
7.81 AC
Zone code
MU
Property type
Land
Property subtype
Commercial land
APN
2945-051-20-002
APU
294505120002

Description

This exceptional 7.81-acre commercial land parcel presents a remarkable investment opportunity in Grand Junction, Colorado. Located at 2385 G Road, this property boasts a highly desirable MU zoning designation, allowing for diverse development options including medical offices, multi-family housing, and retail spaces. Its strategic location offers unparalleled accessibility, situated just off the I-70 exit at 24 Road, providing convenient access for commuters and customers. The land is ideally positioned adjacent to the new Community Hospital and Medical Plaza, capitalizing on the significant growth and demand in the healthcare sector. Furthermore, its proximity to Canyon View Park enhances its appeal and provides a desirable amenity for residents and visitors. The asking price is $5,000,000, translating to a land value of $14.70 per square foot. The property's APN is 2945-051-00-114, and it is currently owned by WDM Corp. This prime location in Grand Junction's hottest development area makes this a truly exceptional investment opportunity. Note that an adjacent 4.58-acre parcel, owned by a separate entity, is also available. This presents potential for larger-scale development projects. The property is situated 150 feet west of the first corner south of the I-70 exit at 24 Road and G Road.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $71,562,656
    Hospitality
    $65,551,012
    Educational
    $54,537,672
    Medical
    $56,413,304
    Retail
    $84,836,376
2385 G Rd, Grand Junction, Colorado

Location Insight

City
Grand Junction
County
Mesa
State
Colorado
Latitude
39.1053
Longitude
-108.611
CBSA code
24300
CBSA name
GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,272
$583,740
-
$583,740
-
$2,092,250
-
$2,092,250

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