1101 Kimball AveGrand Junction, CO 81501

Property Details for 1101 Kimball Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.80 AC

Property size (Sq ft)

9,884 SF

Zone code

C-2

Property type

Warehouses

APN

2945-231-46-002

APU

294523146002

Description

This exceptional 9,646-square-foot warehouse, situated on a 0.78-acre lot in Grand Junction, Colorado, presents a compelling investment opportunity. Built in 1990 and renovated in 2007, this Class B property boasts a single story and is currently vacant. The asking price is $2,500,000, translating to $259.17 per square foot. The property features brick and masonry construction and is ideally located at 1101 Kimball Ave, 81501, within the Riverside Parkway Corridor. Its prime location offers easy access to numerous amenities, including Kannah Creek/Edgewater Brewery, The Bonsai Building, Western Colorado Botanical Gardens, Las Colonias Park, and the Amphitheater at Las Colonias Park. Furthermore, it benefits from proximity to several multi-family residential projects, such as Trail Edge Townhomes, Trail Edge Apartments, Sugar Beet Apartments, and The Eddy Apartments. The property's C-2 zoning designation and Opportunity Zone status enhance its investment appeal, making it suitable for a variety of retail or service-oriented businesses. The APN is 294523139002. This is a rare chance to acquire a well-located, versatile warehouse in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,004,890

  6.5%

  $3,696,820

  7%

  $3,432,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,218,320

  Geo Method

  $1,306,590

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,904,400

  Mixed-Use / Specialty

  $1,904,460

  Hospitality / Lodging

  $1,406,150

  Office

  $1,900,270

  Institutional / Educational

  $1,982,310

  Residential Income

  $2,319,310

  Multifamily

  $2,743,700

  Automotive / Energy

  $1,699,130

  Parking / Income-Based Land

  $579,584

  Restaurant / Food Service

  $1,005,130

  Healthcare / Senior Housing

  $1,945,960

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0564

Longitude

-108.552

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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