2304 Interstate AveGrand Junction, CO 81505

Property Details for 2304 Interstate Ave

Year built

1975

Construction

STEEL FRAME

Lot size

4.29 AC

Property size (Sq ft)

9,600 SF

Zone code

I-1

Property type

Flex space

APN

2701-323-02-020

APU

270132302020

Description

This exceptional 9,600-square-foot industrial property, located at 2304 Interstate Ave in Grand Junction, Colorado, presents a unique investment opportunity. Built in 1975, this single-story building sits on a 4.23-acre lot and is zoned I-1. The property features a blend of office and warehouse space, ideal for a variety of businesses. The office area encompasses 4,640 square feet, offering 13-16 individual suites, providing flexibility for various tenants or internal departments. The warehouse component comprises 4,960 square feet and boasts six overhead doors – three on the east side, one on the north, and two on the west – facilitating efficient loading and unloading. The property is currently vacant, allowing for immediate occupancy and customization to suit specific operational needs. Its convenient location near Interstate 70 ensures excellent accessibility and visibility. The property's APN is 2701-323-02-020, and the asking price is $1,891,640. This property offers a compelling combination of office and warehouse space in a desirable location, making it an attractive investment prospect. The spacious layout and strategic location provide significant potential for growth and profitability. The ample lot size also offers potential for future expansion or development.

• CAP approach

  CAP return

  Valuation

  6%

  $3,889,820

  6.5%

  $3,590,600

  7%

  $3,334,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,125,850

  Geo Method

  $1,269,040

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,849,680

  Mixed-Use / Specialty

  $1,849,730

  Hospitality / Lodging

  $1,365,750

  Office

  $1,845,670

  Institutional / Educational

  $1,925,350

  Residential Income

  $2,252,660

  Multifamily

  $2,664,860

  Automotive / Energy

  $1,650,300

  Parking / Income-Based Land

  $562,931

  Restaurant / Food Service

  $976,252

  Healthcare / Senior Housing

  $1,890,050

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.1129

Longitude

-108.626

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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