$425,000

1290 Walnut Avenue, Grand Junction, CO 81501

2 beds |
1 bath |
1,374 sqft

Single-Family Home
Built in 1956
0.41acre lot
—— car garage
$309/sqft
Listed 4 months ago

Property Description

Prime development opportunity by Colorado mesa University! Discover the rare potential of this residential income property situated on a large .41-acre corner lot in the heart of Grand Junction. Just steps away from Colorado mesa University, this property not only offers investment income, but also incredible investment potential. With RH-24 zoning, the lot allows for high-density residential, multifamily development, and Additional Dwelling Unit (ADU). Property is currently leased month to month. Don't miss this chance to secure one of the largest residential parcels near CMU with endless possibilities for redevelopment and income potential!

Listing Status:: Active
Date Added:: August 8, 2025 at 05:00AM
Listing Office:: VENTURE GROUP : 970-892-2200
Listing Agent:: CORY CARLSON : 970-261-9311
MLS ID:: 20254741

General: Kitchen/Dining ComboMain Level PrimaryNone
Appliances: DryerDishwasherElectric OvenElectric RangeDisposalRefrigeratorWasher
Basement: Partial
Flooring: CarpetLinoleum
A/C: Evaporative Cooling
Heating: Floor Furnace
Fireplace: None
Disability Feature: None

General: None
Style: Ranch

Roofing: AsphaltComposition
General: BlockStone

Road/Access: City Street
HOA Amenities: 0.0
Originating MLS: GJARA_GJARA
County: Mesa

Zoning: 2945-122-00-172
Fencing: Chain Link
Current Use: ResidentialSingle Family

Water: Public
Sewer: Connected

Source: GJARA_GJARA

This listing courtesy of CORY CARLSON, VENTURE GROUP

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Tope Elementary School

2220 N 7th St, Grand Junction, CO, 81501

Grades PK-5

0.53 miles away

West Middle School

123 W Orchard Ave, Grand Junction, CO, 81505

Grades 6-8

1.14 miles away

Grand Junction High School

1400 N 5th St, Grand Junction, CO, 81501

Grades 9-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.