101 22nd St Greeley, CO 80631
- Commercial real estate
- 2.77 lot acres
Current Use by Public Records
- GET ON THE GO GREELY / Gas Station
- Sherry's Market / Gas Station / Convenience Store
- Western Union / Money Transfer Service
Property Details for 101 22nd St
- Year built
- 2016
- Lot size
- 2.77 lot acres
- Property type
- Commercial real estate
- APN
- R1979003
- APU
- R1979003
Description
This exceptional Greeley, Colorado, retail property presents a unique owner-user investment opportunity. The 3,912 square foot building, constructed in 2003 and renovated in 2023 with a new kitchen addition, sits on a 0.71-acre lot and boasts a 100% occupancy rate since April 26, 2007. Currently operating as an unbranded convenience store, gas station, and restaurant featuring Krispy Krunchy Chicken and Hunt Brothers Pizza (with no term contracts), the property offers significant potential for rebranding or continued operation under the existing model. The property includes four gas pumps and a modern point-of-sale system, compliant with PCI standards. Financial records demonstrate strong performance, with projected sales exceeding $4 million this year, and a Net Operating Income (NOI) of $450,000, resulting in a 10.24% cap rate. The property is zoned for commercial retail use and has undergone Phase I and Phase II environmental surveys. This turnkey operation is ready for a quick closing, with SBA lender pre-qualification already completed. The asking price is $4,395,000, representing a price per square foot of $1,123.47. This is a fee-simple ownership opportunity with significant upside potential in a high-traffic area of Greeley.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $240,000
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Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.677
- Latitude
- 40.4031
- CBSA code
- 24540
- CBSA name
- GREELEY, CO METROPOLITAN STATISTICAL AREA
