2604 8 AveGarden City, CO 80631

Property Details for 2604 8 Ave

Year built

1950

Lot size

0.29 AC

Property size (Sq ft)

4,040 SF

Property type

Retail space

APN

R3549186

APU

R3549186

Description

This exceptional commercial property, located at 2604, 2606 & 2620 8th Ave in Garden City, Colorado, presents a unique investment opportunity. The 10,847 square foot building sits on a 0.57-acre lot and was constructed in 1945. Currently, the entire space is vacant, offering a blank canvas for a variety of retail uses. The main level features two expansive retail showrooms, perfect for showcasing merchandise or creating a dynamic retail environment. Upstairs, a mezzanine level provides additional showroom space or flexible office areas. A small apartment unit is also included on the upper level, offering potential for owner occupancy or additional rental income. The property's prime location along 8th Ave in Weld County ensures high visibility and accessibility. Its versatile layout makes it suitable for a wide range of businesses, including retail merchandise sales, restaurants, nightclubs, bars, pet care and sales, agricultural product sales, and many other possibilities. This property offers significant potential for a savvy investor or business owner seeking a prominent location in a growing community. The property's size and layout provide ample space for customization and expansion, allowing for a tailored fit to meet specific business needs. The 80631 zip code offers convenient access to local amenities and transportation routes. This is a rare chance to acquire a substantial retail space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,093,860

  6.5%

  $1,009,710

  7%

  $937,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,103,290

  Geo Method

  $347,136

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,957,280

  Mixed-Use / Specialty

  $1,010,860

  Hospitality / Lodging

  $747,824

  Office

  $1,009,810

  Institutional / Educational

  $1,052,590

  Residential Income

  $1,231,530

  Multifamily

  $1,450,690

  Automotive / Energy

  $902,219

  Parking / Income-Based Land

  $306,651

  Restaurant / Food Service

  $535,897

  Healthcare / Senior Housing

  $1,031,750

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.3954

Longitude

-104.69

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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