2401 8Th AveGreeley, CO 80631

Property Details for 2401 8Th Ave

Year built

1967

Lot size

0.33 AC

Property size (Sq ft)

4,088 SF

Property type

Retail properties

Property subtype

Retail space

APN

R3530886

APU

R3530886

Description

This exceptional retail property at 2401 8th Avenue in Greeley, Colorado, presents a unique investment opportunity. The building, totaling 4,088 square feet, sits on a 0.332-acre lot and is zoned C-H by the City of Greeley. Currently operating as a liquor store, this location offers significant potential for continued success in the same industry or conversion to another suitable retail use. The property's prime corner location along 8th Avenue ensures high visibility and accessibility, attracting substantial foot and vehicle traffic. The building includes two convenient drive-thru windows, a valuable asset for streamlining operations and enhancing customer convenience. Fixtures, furniture, and equipment (F, F, & E) are available for purchase separately, providing a seamless transition for a new owner. The asking price for the real estate is $995,000. This is a real estate sale only

• CAP approach

  CAP return

  Valuation

  6%

  $1,435,785

  6.5%

  $1,325,340

  7%

  $1,230,673

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,705,117

  Geo Method

  $851,131

• Alternative Use

  Use

  Valuation

  Residential

  $1,117,974

  Hospitality

  $1,024,058

  Educational

  $852,004

  Medical

  $881,306

  Retail

  $1,325,340

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.399

Longitude

-104.692

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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