918 37Th StEvans, CO 80620

  • Retail properties
  • 7,858 SF
For Sale
$895,000 View listing

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
918 37Th St, Evans, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,762
$16,520
$218,690
$235,210
-
$83,778
$973,909
$1,057,687

FAQs

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