March 2017 Twenty-Two Commercial Real Estate Sales
Largest sale was $3,600,000 for a hotel near Grand Junction Airport.
With the economy picking up in Grand Junction, the real estate investors are picking up some good deals. Horizon Drive is adjacent to the Grand Junction Airport and the area recently had a face-lift. New round-abouts, eye-catching horse sculptures and landscaping. The other sales broken down into categories are: Two apartment buildings, 5 retail, 1 lodging, 4 office buildings, 1 church, 2 bulk condo's and 6 vacant lots.
| SQ.FT. | Land Size | Sales Price | Use | PPSF | Address |
| 2880 | 368,000 | Office | 127.78 | 2460 Patterson Road #6 | |
| 3824 | 0.25 | 257,000 | Apartment | 76.21 | 558 Garfield Drive |
| 944 | 0.02 | 113,500 | Office | 120.23 | 2497 Power Road #2 |
| 7000 | 0.59 | 1,335,000 | Retail | 128.21 | 812 Rood Ave. |
| 1014 | 0.11 | 130,000 | Retail | 123.24 | 359 Colorado Ave. #204 |
| 1136 | 140,000 | Office | 123.24 | 708 Horizon Drive | |
| 29497 | 1.51 | 3,600,000 | Lodging | 122.05 | 708 Horizon Dr. |
| 2085 | 370,000 | Office | 177.46 | 2526 W. Pinyon Ave. #A | |
| 2614 | 0.17 | 150,000 | Church | 57.38 | 801 Gunnison Ave. Way |
| 14624 | 2.99 | 700,000 | Office | 47.87 | 2697 Highway 50 |
| 3328 | 590,000 | Retail | 177.28 | 2412 Patterson Road #8 | |
| 12288 | 390,000 | Bulk Condo | 31.74 | 951 Iowa Ave. #1-12 | |
| 6144 | 195,000 | Bulk Condo | 31.74 | 939 Iowa Ave. #1-6 | |
| 3640 | 180,000 | Retail | 49.45 | 2956 North Ave. #1,3 | |
| 3456 | 0.17 | 180,000 | Apartment | 52.08 | 528 Oakbrush Circle |
| 4560 | 0.38 | 240,000 | Retail | 52.63 | 1401 Glenwood Ave. |
| 1.00 | 800,000 | Vacant Land | Used for Parking | ||
| 0.14 | 117,600 | Vacant Land | 130 4th St. | ||
| 0.20 | 25,000 | Vacant Land | 629 44 1/2 Road | ||
| 1.11 | 270,000 | Vacant Land | 2905 Hill Ave. | ||
| 0.69 | 251,400 | Bulk Lots | Wexford Estates Land | ||
| 0.90 | 293,300 | Bulk Lots | Wexford Estates Land |
Data courtesy of Land Title with input from GJARA, deemed reliable but not guaranteed.
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