825 31St StEvans, CO 80620

Property Details for 825 31St St

Year built

2001

Lot size

0.53 AC

Property size (Sq ft)

7,772 SF

Property type

Retail properties

Property subtype

Retail space

APN

R0847501

APU

R0847501

Description

This exceptional 7,772 square foot storefront retail property, located at 825 31st St, Evans, CO 80620, presents a unique owner-user investment opportunity. Built in 2001, this single-story building sits on a 0.53-acre lot and is zoned 85-RC-R. Previously occupied by a Family Dollar, the property is currently vacant, with an occupancy date of July 22, 2024. The asking price is $1,550,000, translating to $199.43 per square foot. A significant advantage is the inclusion of income-producing mineral rights, adding a passive income stream to this already attractive investment. The property benefits from its strategic location off US Highway 85 and its adjacency to a new Maverik gas station, ensuring high visibility and accessibility. The Greeley MSA's status as one of the nation's fastest-growing markets further enhances the property's long-term potential. This turnkey opportunity includes existing fixtures, fittings, and equipment (FF&E), minimizing upfront investment and allowing for a swift transition to operation. The property's size and location make it ideal for a variety of retail uses, capitalizing on the area's robust growth and strong consumer base. Don't miss this chance to acquire a high-value, income-generating asset in a thriving Colorado market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,729,678

  6.5%

  $2,519,702

  7%

  $2,339,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,142,899

  Geo Method

  $1,618,149

• Alternative Use

  Use

  Valuation

  Residential

  $2,125,463

  Hospitality

  $1,946,913

  Educational

  $1,619,809

  Medical

  $1,675,516

  Retail

  $2,519,702

Location Insight

City

Evans

County

Weld

State

Colorado

Latitude

40.385

Longitude

-104.692

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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