Grand Junction, Colorado September 2018
Commercial growth in Grand Junction records 24 closed sales with some significant prices.
Breakdown of sales:
- office 2
- apartment 3
- Mixed-use 1
- Retail 3
- Warehouse 1
- Vacant Land 8
- Development 5
| SQ. FT | LANDSIZE | PRICE | STYLE | PPSF | STREET ADDRESS |
| 25400 | 4.6721 | $8,180,000.00 | OFFICE | $322.05 | 627 25 1/2 ROAD |
| 67804 | 3.9685 | $7,335,000.00 | APARTMENT | $108.18 | 1800 MAIN ST |
| 7300 | 0.3431 | $1,100,000.00 | APARTMENT | $150.68 | 1250 BOOKCLIFF AVE |
| 7250 | 0.397 | $499,300.00 | MIXEDUSE | $68.87 | 3183 HALL AVE |
| 14101 | 4.2207 | $1,600,000.00 | RETAIL | $113.47 | 1041 N RIVER RD |
| 5625 | 0.072 | $550,000.00 | RETAIL | $97.78 | 510 MAIN ST |
| 5821 | 0.7921 | $542,300.00 | RETAIL | $93.16 | 2502 W PINYON AVE |
| 1980 | 0.4584 | $170,000.00 | OFFICE | $85.86 | 2531 W PINYON AVE |
| 1710 | 0.0207 | $123,500.00 | WHSE | $72.22 | 708 23 1/10 RD A2,A3 |
| 4300 | 0.2539 | $246,000.00 | APARTMENT | $57.21 | 3210 OPAL CT |
| 7640 | 0.287 | $370,000.00 | WHSE | $48.43 | 601 PITKIN AVE |
| 2.4 | $1,250,000.00 | COMMVACANT | $- | 2395 G ROAD | |
| 3.38 | $412,700.00 | COMMVACANT | $- | N/A | |
| 5.0684 | $880,000.00 | COMMVACANT | $- | 614 RAPTOR RD | |
| 7.91 | $550,302.00 | COMMVACANT | $- | N/A | |
| 5.9946 | $500,000.00 | COMMVACANT | $- | 2523 RIVERSIDE PKWY | |
| 3.9598 | $500,000.00 | COMMVACANT | $- | 2793 RIVERSIDE PKWY | |
| 0.0922 | $45,000.00 | COMMVACANT | $- | 717 KIMBALL AVE | |
| 0.1435 | $25,000.00 | COMMVACANT | $- | N/A | |
| 18.753 | $525,000.00 | DEVELOP | $- | 716 25 RD | |
| 1.1725 | $520,000.00 | DEVELOP | $- | 3395,3350,3430,3450 CLIFF ST | |
| 10.3735 | $325,000.00 | DEVELOP | $- | N/A | |
| 0.4836 | $324,000.00 | DEVELOP | $- | 254 WINDOM ST 261 MOUNT QUANDARY | |
| 0.7032 | $270,000.00 | DEVELOP | $- | 646 THUNDER RIDGE DR | |
The five development purchases all look like future housing projects to be built in the next few years. This will help with the inventory shortage and the demand from relocating buyers.
Diablo Petroleum purchased a parcel for $1,250,000 to build a new fuel center and retail stores near the growing 24 Road corridor. For years the land in this area just sat, waiting for things to turn around in Grand Junction.
Significant high dollar sales include $8,180,000 for the former Rocky Mountain Orthopedic building and $7,335,000 for an apartment building on Main Street. Another apartment building on Bookcliff Ave. sold for $1,100,000 and a retail building on N. River Road sold for $1,600,000.
The numbers and past sales for this year show Grand Junction is poised for prominent growth.
Interested in purchasing or selling commercial property in the Grand Junction area? Just drop us a note or give us a call.
To view past Commercial Real Estate Sales in Grand Junction.
