1048 Independent AveGrand Junction, CO 81505

Property Details for 1048 Independent Ave

Year built

1982

Construction

STEEL FRAME

Lot size

4.04 AC

Property size (Sq ft)

38,832 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

2945-103-00-146

APU

294510300146

Description

This exceptional flex space opportunity in Independence Plaza, Grand Junction, CO, offers a total of 66,658 square feet across two buildings. The property boasts three individual suites, with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 1,700 square feet. Currently, 5,100 square feet are vacant, presenting an immediate opportunity for businesses seeking flexible space. Built in 1982 and renovated in 2018, the two-story complex sits on 4.04 acres of land and is zoned C-2. The property enjoys a high-visibility location directly across Highway 6&50 from Lowe's, Walmart, Hobby Lobby, and numerous restaurants, providing excellent exposure and convenient access. Its proximity to Sam's Club further enhances its strategic position within Grand Junction. While there are no loading docks or elevators, the property's layout is well-suited for a variety of businesses. Property taxes are $1.26 per square foot. This is a rare opportunity to secure prime commercial space in a thriving area. The property's location and flexible space options make it ideal for a range of businesses seeking a high-traffic, easily accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,136,368

  6.5%

  $6,587,416

  7%

  $6,116,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,902,530

  Geo Method

  $3,208,300

• Alternative Use

  Use

  Valuation

  Residential

  $8,168,396

  Hospitality

  $7,482,208

  Educational

  $6,225,108

  Medical

  $6,439,200

  Retail

  $9,683,502

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0819

Longitude

-108.581

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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