922 8Th AveGreeley, CO 80631

Property Details for 922 8Th Ave

Year built

1908

Lot size

0.06 AC

Property size (Sq ft)

4,150 SF

Property type

Office buildings

APN

R2817186

APU

R2817186

Description

This exceptional mixed-use property at 922 8th Avenue in Greeley, Colorado, offers a compelling investment opportunity. The building, totaling 5,618 square feet, is a two-story structure situated in the heart of historic downtown Greeley, boasting excellent visibility and high foot traffic. The property's versatile design allows for a variety of uses, making it ideal for owner-occupants or investors seeking passive income streams. The building's high-end finishes contribute to its upscale appeal. Its location within walking distance of numerous amenities and a large residential population ensures consistent demand. The property's mixed-use nature allows for the possibility of operating a business on the ground floor while utilizing the upper level as residential space, or vice versa, generating rental income. The asking price for this unique property is $1,151,500. The property is zoned for office and retail use, providing flexibility for a wide range of business ventures. Its prime downtown location in Weld County, Colorado, zip code 80631, offers unparalleled access to the vibrant Greeley community. This is a rare opportunity to acquire a high-quality mixed-use building in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $991,538

  6.5%

  $915,266

  7%

  $849,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,089,740

  Geo Method

  $342,873

• Alternative Use

  Use

  Valuation

  Residential

  $1,134,930

  Hospitality

  $1,039,589

  Educational

  $864,926

  Medical

  $894,672

  Retail

  $1,345,441

Location Insight

City

Greeley

County

Weld

State

Colorado

Latitude

40.423

Longitude

-104.69

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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