A two-day auction for an 18,000-square-foot flex building located in Grants is scheduled to start on May 28.
Located at 113 Gold Avenue, the one-story structure is listed as a Class B building and sits on a 1.3-acre site in a neighborhood of small retail operations and garages.
The building has recently been the home of a company called United Projects Roofing & Restoration, and before that served as a NAPA Auto & Truck Parts store. It stands out visually due to a series of colorful murals to the front, side, and rear of the structure.
Situated within the boundaries of a designated Opportunity Zone, the building is geared for light manufacturing, and could also be used as a warehouse or general retail department store.
The Grants real estate market in recent years has been somewhat flat, in part reflecting statistics showing that the city, with 9,100 people, has lost population from a high of just over 11,400 in the 1980s.
With the auction listed by realtors Hayden Outdoors Real Estate, whose corporate office is located in Windsor, Colorado, the property has a minimum $150,000 starting bid.
By way of comparison, a similar sized industrial or commercial structure in Albuquerque, Las Cruces, or Santa Fe might fetch more than $1 million.
By Garry Boulard
