921 30Th AveGreeley, CO 80634

Property Details for 921 30Th Ave

Year built

1974

Lot size

1.48 AC

Property size (Sq ft)

5,125 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

R5025508

APU

R5025508

Description

This exceptional opportunity presents a 5,125-square-foot freestanding restaurant building located at 921 30th Ave. Previously occupied by a Village Inn, this single-tenant property offers significant potential for a variety of food service concepts. The building sits on a 1.48-acre lot, providing ample on-site parking for customers and staff. The property is offered as a single-tenant space, meaning the new owner will have complete control over the premises. The tenant is responsible for their own maintenance and the direct payment of property taxes, simplifying ownership responsibilities. This turnkey solution eliminates the complexities of multi-tenant management, allowing for focused attention on business operations. The substantial square footage offers flexibility in design and layout, catering to diverse culinary visions. The prominent location and ample parking make this property an attractive proposition for restaurateurs seeking a well-established space with high visibility and convenient access. The property's history as a successful restaurant provides a strong foundation for future success. This is a rare opportunity to acquire a well-situated, sizable restaurant building with immediate operational potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,800,000

  6.5%

  $1,661,538

  7%

  $1,542,857

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,391,322

  Geo Method

  $1,067,037

• Alternative Use

  Use

  Valuation

  Residential

  $1,401,570

  Hospitality

  $1,283,830

  Educational

  $1,068,132

  Medical

  $1,104,866

  Retail

  $1,661,538

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.4234

Longitude

-104.729

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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