918 37Th StEvans, CO 80620

Property Details for 918 37Th St

Year built

1947

Lot size

0.32 AC

Property size (Sq ft)

7,858 SF

Property type

Retail space

APN

R3950786

APU

R3950786

Description

This exceptional 7,858-square-foot retail storefront, located at 918 37th St in Evans, Colorado, presents a remarkable investment opportunity. The property boasts a prime location, situated on a 0.32-acre corner lot at the signalized intersection of Highway 85 and 37th Street, ensuring high visibility and accessibility. Built in 1947, this Class B building features concrete block construction, abundant windows, and ample signage opportunities. The property includes a 4,828-square-foot warehouse (built 1930) and an 817-square-foot detached residence, adding versatility and potential for expansion. The large, open-space design is adaptable to a wide range of uses, including retail establishments, recreational facilities, personal services, or even a studio space. The property also offers 30 parking spaces and is fully fenced, providing security and convenience. Its zoning (US 85 Retail-Commercial-Neighborhood) allows for diverse commercial applications. With easy access to major highways and a high-traffic location, this property is poised for significant success. The asking price is $895,000, translating to $113.90 per square foot. This is a rare opportunity to acquire a substantial commercial property in a thriving Colorado community. The property is currently vacant, allowing for immediate occupancy and customization to suit your specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,127,600

  6.5%

  $1,963,940

  7%

  $1,823,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,145,950

  Geo Method

  $675,197

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,807,010

  Mixed-Use / Specialty

  $1,966,180

  Hospitality / Lodging

  $1,454,550

  Office

  $1,964,120

  Institutional / Educational

  $2,047,340

  Residential Income

  $2,395,380

  Multifamily

  $2,821,670

  Automotive / Energy

  $1,754,860

  Parking / Income-Based Land

  $596,452

  Restaurant / Food Service

  $1,042,350

  Healthcare / Senior Housing

  $2,006,800

Location Insight

City

Evans

County

Weld

State

Colorado

Latitude

40.3771

Longitude

-104.693

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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