6500 29Th StGreeley, CO 80634

Property Details for 6500 29Th St

Year built

2007

Property size (Sq ft)

7,199 SF

Property type

Office properties

Property subtype

Other office properties

APN

R6779232

APU

R6779232

Description

This exceptional 10,886-square-foot executive office condominium presents a unique investment opportunity in Greeley, Colorado. Built in 2007, this two-story building boasts a prime location within St. Michael's Town Square, a thriving mixed-use development in the heart of St. Michael's subdivision. The property is strategically situated near UC Health Greeley Hospital and Medical Clinic, offering excellent visibility and accessibility. Currently, the majority of the building is owner-occupied, presenting various lease scenarios for potential buyers. The entire 10,886 square feet is currently vacant, providing immediate occupancy for a single tenant or the opportunity to subdivide the space. The property is zoned Commercial High (C-H) by the City of Greeley, within Weld County. This retail and office space offers significant potential for a variety of businesses seeking a high-profile location in a rapidly growing area. The building's modern design and convenient location make it an ideal choice for businesses seeking a prestigious address and easy access to essential amenities and a strong workforce. The property's size and layout offer flexibility for customization to meet specific business needs. This is a rare opportunity to acquire a substantial, well-located commercial property in a desirable area of Greeley. Further details regarding lease options are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,720,020

  6.5%

  $1,587,710

  7%

  $1,474,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,890,370

  Geo Method

  $594,781

• Alternative Use

  Use

  Valuation

  Residential

  $1,968,761

  Hospitality

  $1,803,374

  Educational

  $1,500,386

  Medical

  $1,551,987

  Retail

  $2,333,934

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.3895

Longitude

-104.785

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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