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517-521 8th St 3 Properties Offered at $690,000 in Greeley, CO
Investment Highlights
- Mixed Commercial/Residential building package conveniently located two blocks from 8th Ave in Greeley
- All spaces currently leased - Two commercial spaces - Three residential units, two over the commercial spaces and one Single Family home
- Combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability
- Proximity to key amenities, public transportation, and a thriving Downtown business community
- Industrial Medium Intensity (I-M) zoning allows for broad set of commercial and industrial uses
Executive Summary
• Excellent opportunity to purchase three properties with $100,000 down payment. The proposed transaction structure includes purchase of 517 E 8th St, the residential income
property for $165,000 with bank financing and separate purchase of 519 & 521 E 8th St, the mixed use commercial/industrial/storage and residential property for $525,000 with seller carry financing.
• The 8th Street Mixed Commercial/Residential/Storage building is conveniently located two blocks from 8th Avenue the main North/South Highway 34 Business Route through Downtown Greeley and is walking distance to Lincoln Park
• The property location enjoys proximity to key amenities, public transportation, and a thriving Downtown business community
• Three (3) commercial spaces including 2,500 SF commercial/industrial space (521 8th St), +/- 1,100 SF local grocery, and 1,601 SF storage space (519 8th St)
• Three (3) residential units including 748 SF 2 Bed/1 Bath single family home (517 8th St), one $1,250 SF 2 Bed/1 Bath apartment over commercial (521 8th St), and one 750 SF 1 Bed/1 Bath apartment (519 8th St)
• Industrial Medium Intensity (I-M) allows for a broad set of commercial and industrial uses
• Residential spaces enhance the property’s versatility, attracting potential tenants seeking a convenient and vibrant urban lifestyle
• The combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability
• Proximity to Downtown Greeley and continued reinvestment in the area should benefit the long term potential of this property
property for $165,000 with bank financing and separate purchase of 519 & 521 E 8th St, the mixed use commercial/industrial/storage and residential property for $525,000 with seller carry financing.
• The 8th Street Mixed Commercial/Residential/Storage building is conveniently located two blocks from 8th Avenue the main North/South Highway 34 Business Route through Downtown Greeley and is walking distance to Lincoln Park
• The property location enjoys proximity to key amenities, public transportation, and a thriving Downtown business community
• Three (3) commercial spaces including 2,500 SF commercial/industrial space (521 8th St), +/- 1,100 SF local grocery, and 1,601 SF storage space (519 8th St)
• Three (3) residential units including 748 SF 2 Bed/1 Bath single family home (517 8th St), one $1,250 SF 2 Bed/1 Bath apartment over commercial (521 8th St), and one 750 SF 1 Bed/1 Bath apartment (519 8th St)
• Industrial Medium Intensity (I-M) allows for a broad set of commercial and industrial uses
• Residential spaces enhance the property’s versatility, attracting potential tenants seeking a convenient and vibrant urban lifestyle
• The combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability
• Proximity to Downtown Greeley and continued reinvestment in the area should benefit the long term potential of this property
Property Facts
| Price | $690,000 | Number of Properties | 3 |
| Price / SF | $103.02 / SF | Individually For Sale | 0 |
| Cap Rate | 10% | Total Building Size | 6,698 SF |
| Sale Type | Investment | Total Land Area | 0.27 AC |
| Status | Active |
| Price | $690,000 |
| Price / SF | $103.02 / SF |
| Cap Rate | 10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 6,698 SF |
| Total Land Area | 0.27 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 519 8th St, Greeley, CO 80631 | Retail | 3,450 SF | 1919 | - |
| 521 8th St, Greeley, CO 80631 | Retail | 2,500 SF | 1919 | - |
| 517 8th St, Greeley, CO 80631 | Specialty | 748 SF | 1899 | - |
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