Price Reduction
Address
3553 E Road, Palisade, CO
Price
$ 2,995,000
Property Attributes
  • MLS#20220691
  • TypeCommercial
  • CountyMESA
  • CityPalisade
  • AreaEast Orchard Mesa
  • Zip81526
  • StyleBuilding
  • Taxes$ 7149
  • Price$ 2,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6.06061 Acres
Data Source:
Grand Junction Area REALTOR® Association
Property Description

Colorado Cellars - Oldest & Most Awarded Winery in Colorado Located in Palisade, Colorado, this winery was initially established in 1978 with the first vines provided by Colorado State University in Colorado, with the vineyards planted in 1974. The winery location was purchased and the original portion of the building was built in 1980 into the hillside to begin making wines. As time progressed, the owners built on the production & storage area, and in 2002 added the carefully curated wine tasting room & patio area. With approximately 3 total acres of vines on the property, growing Merlot and Gewurztraminer, the winery produces a total of 26 types of wines and a authentic champagne. The property has a beautifully maintained lawn with gazebo which is ideal for outdoor events, weddings, concerts, and more. More than sufficient parking has been carefully thought through. Between the winery building, tasting room, outdoor tasting area, and event area, the property is an ideal hosting grounds for wine tasting & events. The winery business and equipment assets are nothing short of impressive. Wine making efficiency and a well-established, strong business makes this property a great income-producing investment, with a very strong capitlization rate. This business has lead the charge in Colorado wine making, fruit wine production, and champagne production. Producing over 12,000 cases per year, it has an impressive list of vendors & outstanding financials. The tasting room encompasses just over 1,200 square feet, the office and laboratory rooms cover 988 square feet, and the winery/bottling/warehouse area covers 5,600 square feet total. Two 10,000 watt solar arrays cover the roof, providing free power to the business, and netting the property approximately $35/month in electric from Xcel energy. Colorado Wine History - Started in 1978 in Palisade, CO Most Awarded - Colorado Cellars Winery has won over one thousand State, National, and International wine competition awards. They offer 26 wines, and a even a genuine Champagne. Not just one, but many of their wines have recevied medals for best in class over the years. The business has been family owned and operated from the start, "Exclusively in the wine business - complete commitment to an uncompromising desire for quality is the key to our long term success" This property and business is also the original Colorado vineyard & winery. They forged the path for many other vineyards & wineries in the Palis

Price History
2/17/2022 Listed $3,500,000
5/12/2022 8% - $3,250,000
9/9/2022 8% - $2,995,000

General Features

MLS Area East Orchard Mesa
Possible Use Agricultural, Office, Retail, Warehouse
Property SubType Building
Property Type Commercial Sale
Status Active
Zoning Description agricultural

Exterior Features

Lot Dimensions 400x660
Lot Features Foothills, Other, See Remarks
Lot Size Source Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 81526

Price
AVG $2.25M
$3M
Taxes
AVG $10,432
$7,149
Visits
AVG 52
55

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