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8% cap rate, with lease in place til June 2017. Currently zoned R-8. However after speaking with the City, the City's desired future use is VCMU which is Village Center Mixed Use. See attached document for the description. This includes employment, residential, service, park, retail with intended smaller scale version of downtown mixed use. So an investor can purchase and keep as an income rental, and later, if the buyer chooses, can change the use of the property accordingly. Buyer is encouraged to call City of Grand Junction planning and zoning department to confirm all the information and get questions answered. The lot is deep, and also the double-sized vacant lot is available on the corner. See MLS 683771. Seller is offering a discount if buy both properties together. See MLS 683772. Purchase is subject to fulfilling the full lease term.

Status: Active
Days on Owners.com: 107
Views: 2,398
  • MLS #: 683770
  • Property type: Residential
  • Year built: 1954
  • Cooling: Evaporative Cooler
  • Heating: Natural Gas, Wall Heater
  • Parking: 0RV

Rooms

Bedrooms: 2 | Room Types: #NONE | Basement: Slab

Bathrooms

# of Full Bathrooms: 1.0

Interior

Features: #NONE

Exterior

Features: Shed, Chain Link, Fence - Privacy, Patio - Covered

Building

Property Types: Residential, Single Family Home | Year Built: 1954 | Architecture: Ranch | Construction: Concrete/Block | Roof: Asphalt Composition | Siding: Stucco | Floors: Carpet, Linoleum

Garage & Parking

Parking: RV, 0 | Garage: #NONE

Lot

Lot Dimensions: ~42x148 | Lot size: 0.14 acres | Lot range: 0-0.24 | Lot Features: 0' - 75' Frontage | Zoning: R-8

Location

Subdivision: Meeks | Real Estate Area: Grand Junction City | Directions: From North Avenue and Hwy 6 & 50, take North Avenue to 28 1/2 Road, and turn south to property. | MLS #: 683770

Appliances

Appliances: Electric Range Oven, Refrigerator

Heating & Cooling

Air Conditioning: Evaporative Cooler | Heating: Natural Gas, Wall Heater | Fireplaces: #NONE

Utilities & Security

Sewer Service: Sewer Installed | Water Source: City Water

School

Elementary School: Chipeta | Middle School: Bookcliff | High School: Central

School Information

Public Schools
Private Schools
School Ratings
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Above Average
(8-10)
Average
(4-7)
Below Average
(1-3)
Distance
7
Out of 10

Bookcliff Middle School

Assigned

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0.9 mi
7
Out of 10

Chipeta Elementary School

Assigned

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1.8 mi
4
Out of 10

Central High School

Assigned

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2.9 mi
3
Out of 10

Nisley Elementary School

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0.5 mi
NR
Out of 10

Career Center

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0.8 mi
NR
Out of 10

Lincoln Park Preschool

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1 mi
5
Out of 10

Orchard Avenue Elementary School

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1.2 mi
5
Out of 10

Independence Academy Charter School

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1.3 mi
NR
Out of 10

Grande River Virtual Academy

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1.3 mi
7
Out of 10

Fruitvale Elementary School

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1.7 mi
NR
Out of 10

The Opportunity Center

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1.7 mi
5
Out of 10

East Middle School

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1.8 mi
NR
Out of 10

Mesa Valley Vision

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1.9 mi
4
Out of 10

Pear Park Elementary School

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1.9 mi
NR
Out of 10

R-5 High School

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2 mi
4
Out of 10

Tope Elementary School

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2.1 mi
7
Out of 10

Orchard Mesa Middle School

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2.1 mi
6
Out of 10

Grand Junction High School

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2.1 mi
4
Out of 10

Lincoln Orchard Mesa Elementary School

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2.4 mi
7
Out of 10

West Middle School

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2.6 mi
7
Out of 10

New Emerson School At Columbus

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2.6 mi
5
Out of 10

Thunder Mountain Elementary School

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2.7 mi
NR
Out of 10

Dual Immersion Academy School

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2.9 mi
3
Out of 10

Dos Rios Elementary School

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2.9 mi
4
Out of 10

Grand Mesa Middle School

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3.1 mi
6
Out of 10

Pomona Elementary School

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3.1 mi
6
Out of 10

Mesa View Elementary School

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3.2 mi
2
Out of 10

Chatfield Elementary School

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3.4 mi
NR
Out of 10

Valley School West

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3.7 mi
2
Out of 10

Rocky Mountain Elementary School

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4 mi
6
Out of 10

Caprock Academy

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4.2 mi
NR
Out of 10

Juniper Ridge Community School

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4.2 mi
NR
Out of 10

Juniper Ridge Community School

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4.2 mi
3
Out of 10

Clifton Elementary School

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4.4 mi
10
Out of 10

Scenic Elementary School

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4.7 mi
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Data provided by GreatSchools.org
School Ratings
The GreatSchools rating is a simple tool for parnets to compare schools based on test scores. It compares schools across the state.
Above Average
(8-10)
Average
(4-7)
Below Average
(1-3)
Distance
NR
Out of 10

Life Academy

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1.5 mi
NR
Out of 10

Lutheran Church And School Of Messiah

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1.6 mi
NR
Out of 10

Bookcliff Christian School

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1.9 mi
NR
Out of 10

Intermountain Adventist Academy

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1.9 mi
NR
Out of 10

Landmark Baptist School

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2.4 mi
NR
Out of 10

Pear Park Baptist School

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2.5 mi
NR
Out of 10

Holy Family Catholic School

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3.5 mi
NR
Out of 10

Christian Community Schools And Preschool

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4.1 mi
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Property History & Valuation

Local Insights

Listing provided by: LORI POWELL 

Listing courtesy of: KELLER WILLIAMS COLORADO WEST REALTY |  (970) 256-9100 

Local Insights

Tools for buyers

Data provided by: Grand Junction Area REALTORS® Association
Last detected update: November 15, 2016 11:46AM EST ~ Verified on December 09, 2016 08:14AM EST

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: Estimated payment calculations assume 20% down payment with loan terms of 3.86% fixed APR for 30 years.

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