1029 9Th StGreeley, CO 80631

  • Office properties
  • 6,787 SF
For Sale
$1,200,000 View listing

Property Details for 1029 9Th St

Year built
1965
Lot size
0.26 AC
Property size (Sq ft)
6,787 SF
Property type
Office properties
Property subtype
Office buildings
APN
R2812486
APU
R2812486

Description

This exceptional 8,037 square foot commercial property, located at 1029 9th Street in Greeley, Colorado, presents a unique investment opportunity. Situated on a busy downtown corner lot, this building offers a blend of retail and office space, currently partially leased to an attorney and a restaurant. A significant portion of the building is vacant, including a large office suite previously occupied by KFKA Radio Station, now available for lease. The property also includes a 1,081 square foot basement area, adding valuable bonus space. The asking price is $1,200,000, translating to $172 per square foot. The property's diverse tenant mix and prime location in Greeley's Opportunity Zone make it an attractive prospect for owner-users or investors seeking strong rental income potential. The address is 1029 9th St, Greeley, CO 80631, within Weld County. This versatile space is ideal for a variety of businesses seeking high visibility and convenient access to downtown amenities. The property type is classified as retail and office, with subtypes including storefront and executive office. The building's strategic location and substantial square footage offer significant potential for growth and return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,621,583
    6.5%
    $1,496,846
    7%
    $1,389,928
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,782,184
    Geo Method
    $560,742
  • Alternative Use

    Use
    Valuation
    Residential
    $1,856,088
    Hospitality
    $1,700,167
    Educational
    $1,414,519
    Medical
    $1,463,166
    Retail
    $2,200,363
1029 9Th St, Greeley, Colorado

Location Insight

City
Greeley
County
Weld
State
Colorado
Latitude
40.4243
Longitude
-104.696
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
$12,937
$25,670
$133,360
$159,030
-
$92,000
$478,000
$570,000

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