Commercial Real Estate Grand Junction 3Q

By
Real Estate Agent with RE/MAX 4000

 

Grand Junction's Economic Growth Rose 3.2% in 2014

Commercial Real Estate Sales 3Q Sales are Stable.  Review 2015 Sales in Retail, Warehouse, Office, Industrial and Land.

Grand Junction Commercial Real Estate Sales Activity 3Q 2015

 Type Average Median Range
Retail $158.15 $111.05 $37-$527
Office $115.45 $124.15 $23-$296
Warehouse $79.84 $82.82 $21-$247
Land $3.99 $2.16 $.17-$8.45

Focus on Broadband -Downtown Grand Junction Pilot Project

The Downtown DDA has initiated a pilot project to put Grand Junction on the map by becoming a "Gigabit Downtown".  Broadband referred as fiber infrastructure, the goal is to have internet download and upload speeds of 1 gigabyte per second at affordable rates throughout the Downtown Grand Junction area.

City Focus

The City recently hired a firm to evaluate and develop a broadband plan including

  • Current Infrastructure
  • Infrastructure Needs

Regional Partnerships  $200,000 DOLA Grand

Mesa County and Garfield County have teamed up to garner the award of a $150,000 ($50,000 match) DOLA Grant that will help the two counties determine what can be done on a regional bais to bring our broadband infrastructure up to speed.

2015  3rd Quarter Notable Sales

 Retail  Acres  Address  Price  Description  Sqft $/Sqft 
 Patterson  0.0  2412 Patterson  $430,000  Small retail  2,048  $209.96
 Graff Dairy  0.7  581 29 Road  $150,000  Medium retail  2,328  $64.43
 Former Mesa Theater  0.1  538 Main  $45,000  Theatrical Bldg  9,800  $43.37
 Verizon Wireless  0.5  2826 North Ave  $666,800  Medium retail  2,200  $303.09
 Office            
 Century 21 Bldg  0.4  737 Horizon Dr  $220,000  Medium office  9,766  $22.53
 Sunplex Comm. Condos  0.0  607 25 Road #201  $549,000  Comm Condo Offices  2,916  $188.27
 Whse/Indust/Other            
 Bldg leased to ATD  4.3  2139 Bond St.  $5,254,000  Mega warehouse  130,800  $40.17
Comm. Condo 0.0 560 S Commercial $120,000 Comm Shop/office 1,345 $89.22
Land            
Off H near airport 1.5 820 North Crest $167,500 Land 1.5 $2.56
25 Rd at F 1/4 5.9 25 Rd at F 1/4 $1,200,000 Land 5.9 $4.67
Near 1st & Patterson 2.8 2594 Patterson $1,050,000 Land 2.8 $8.61

 Available land in Grand Junction Industrial Park for sale

Recently Sold vacant land in Grand Junction Industrial Park

Posted by

Sandra Mathewson

CRS ABR GRI SFR CDPE

RE/MAX 4000 Inc.

call or text (970) 261-1686

I am Sandra Mathewson, a full-time Realtor working both as a listing agent and a buyer's agent. I love using the internet to meet people and keep in touch with friends and clients. I write this blog to show you why Grand Junction, Fruita, Palisade and surrounding real estate is truly something to be desired.

Visit my GrandJunctionHomesGuide.com website if you are considering buying or selling. You will find it as your best online source of information. How is the market doing? I'll keep you posted with the most current MLS reports. You can also search for homes for sale in Grand Junction (including Fruita, Palisade and surrounding areas). Read about the communities, events and things to do in this great Grand Junction, Colorado Lifestyle.

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