1029 9Th StGreeley, CO 80631

Property Details for 1029 9Th St

Year built

1965

Lot size

0.26 AC

Property size (Sq ft)

6,787 SF

Property type

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.

• 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 Income

  $1,856,088

  Hospitality / Lodging

  $1,700,167

  Institutional / Educational

  $1,414,519

  Healthcare / Senior Housing

  $1,463,166

  Retail / Commercial

  $2,200,363

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

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