200 Grand AveGrand Junction, CO 81501

Property Details for 200 Grand Ave

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

47,388 SF

Zone code

B-1

Property type

Office properties

Property subtype

Office buildings

APN

2945-142-38-025

APU

294514238025

Description

This exceptional office property, located at 200 Grand Avenue in Grand Junction, Colorado, offers a variety of spaces to suit diverse business needs. The building, constructed in 1982 and renovated in 2000, boasts a total of 47,388 square feet, currently featuring 504 square feet of immediately available space. Two suites are available, ranging from 504 to 912 square feet. One notable suite, spanning 1,691 square feet, is situated on the second floor and includes three private offices, two conference rooms/large offices, a reception area, and a break room with a kitchenette. This suite benefits from recent upgrades and attractive finishes. Both suites are located in the Bank of Colorado building, offering convenient access to downtown Grand Junction, ample parking, and easy access to major transportation corridors. The building is equipped with elevators and CenturyLink optic fiber. The property is zoned C-1 and B-2, and its APN is 2945-142-38-025. Leases are full-service gross leases, with a 3-5 year term available for the larger suite. Floor plans are available upon request. This is a fantastic opportunity for businesses seeking high-quality office space in a desirable Grand Junction location. The property is located in Mesa County, Colorado, zip code 81501.

• CAP approach

  CAP return

  Valuation

  6%

  $8,708,751

  6.5%

  $8,038,846

  7%

  $7,464,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,643,724

  Geo Method

  $3,915,196

• Alternative Use

  Use

  Valuation

  Residential

  $9,968,170

  Hospitality

  $9,130,790

  Educational

  $7,596,710

  Medical

  $7,857,972

  Retail

  $11,817,105

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0707

Longitude

-108.569

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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