1610 29Th Avenue PlGreeley, CO 80634

This exceptional 8,120 square foot, two-story office building in Greeley, Colorado presents a compelling value-add investment opportunity. Located at 1610 29th Ave Pl, this property boasts a prime location near Bittersweet Park and Banner North Colorado Medical Center. Built in 1978 and renovated in 2020, the building features a desirable mix of medical and creative office tenants, currently at 50% occupancy. The property includes four units, elevator service, mature landscaping, a garage/storage space, and two east-facing balconies. The asking price is $1,100,000, representing a compelling $135.47 per square foot and an 8.08% cap rate. The property sits on a 0.519-acre lot with Planned Unit Development (PUD) zoning. Parking is provided at a ratio of 4 spaces per 1,000 square feet. Leases are structured as NNN, with corporate guarantees, three-year terms, and 3% annual rent bumps. The current net operating income (with lease-up of the remaining space) projects to $88,826 in year one. This well-maintained building offers a strong foundation for future growth and income generation, with potential for expansion given an adjacent lot is also available for purchase. The property's cohesive medical tenant mix and recent updates minimize the need for tenant improvement allowances. This is an ideal investment for owner-users seeking a stable, manageable asset with significant upside potential. The property's APN is 095912334009.