918 37Th StEvans, CO 80620
- Retail properties
- 7,858 SF
Property Details for 918 37Th St
- Year built
- 1947
- Lot size
- 0.32 AC
- Property size (Sq ft)
- 7,858 SF
- Property type
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,759,882
- 6.5%
- $2,547,584
- 7%
- $2,365,614
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,199,807
- Geo Method
- $1,636,054
-
Alternative Use
- Use
- Valuation
- Residential
- $2,148,982
- Hospitality
- $1,968,456
- Educational
- $1,637,732
- Medical
- $1,694,057
- Retail
- $2,547,584
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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