815 7Th StFort Lupton, CO 80621

Property Details for 815 7Th St

Year built

1963

Lot size

0.34 AC

Property size (Sq ft)

3,714 SF

Property type

Retail space

APN

R6103786

APU

R6103786

Description

This exceptional $1,000,000 retail property in Fort Lupton, Colorado, presents a unique investment opportunity. Located at 815 7th St, 80621, this 7,274 square foot, historically designated landmark boasts a rich history and significant recent renovations. The property, built in 1905, comprises a former mill/elevator building (currently unused but retaining original equipment), two warehouse buildings, and two silos, all situated on a 14,896 square foot lot. One warehouse houses a thriving restaurant with a fully equipped commercial kitchen, prep areas, dishwashing facilities, bar, restrooms, small office, and a large dining area. The second warehouse provides a substantial banquet facility. Additional space is available for storage. The property includes 25 parking spaces and benefits from a 5-year lease (commencing August 1, 2022, expiring August 1, 2027), with approximately 2.7 years remaining. Thousands of dollars have been invested in the rehabilitation and conversion of the interior for restaurant and event center use. Detailed floor plans are available. This property offers a blend of historical charm and modern functionality, presenting a compelling investment opportunity for a discerning buyer. The price per square foot is $137.48.

• CAP approach

  CAP return

  Valuation

  6%

  $1,005,590

  6.5%

  $928,236

  7%

  $861,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,014,260

  Geo Method

  $319,125

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,799,340

  Mixed-Use / Specialty

  $929,294

  Hospitality / Lodging

  $687,479

  Office

  $928,322

  Institutional / Educational

  $967,652

  Residential Income

  $1,132,150

  Multifamily

  $1,333,630

  Automotive / Energy

  $829,416

  Parking / Income-Based Land

  $281,907

  Restaurant / Food Service

  $492,654

  Healthcare / Senior Housing

  $948,495

Location Insight

City

Fort Lupton

County

Weld

State

Colorado

Latitude

40.0862

Longitude

-104.809

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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