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    502 8Th Ave Yuma, CO 80759

    For Sale
    $2,640,000

    High-traffic retail space, excellent visibility.

    Property size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 22,000 square foot retail center in Yuma, Colorado, presents a compelling investment opportunity. Located at 502 E 8th Ave, at the main intersection of US Highway 34 and South Detroit Street, this property boasts unparalleled visibility and accessibility. The center currently features a strong co-tenant: a newly opened Family Dollar & Dollar Tree combination store occupying 12,100 square feet. This leaves 9,900 square feet of available space fronting US Highway 34, ideal for owner-users seeking a long-term, stable investment with a strong credit co-tenant. The property benefits from over 8.5 years remaining on the corporate lease term. Surrounding businesses include a Bank of Colorado, First Farm Bank, Dollar General, Dairy Queen, Pizza Hut, and ShopAll supermarket – the only one in town. This prime location, situated at a signalized intersection, offers exceptional exposure and significant potential for value enhancement through lease-up or subdivision. The asking price is $2,640,000, with a price per square foot of $120. This property is perfect for investors seeking to capitalize on a thriving retail market in a high-demand location. The property's strategic placement and strong tenant mix make it an attractive proposition for both investors and owner-users.

    Property Features for 502 8Th Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    22,000 SF

    HighLights

    • $2,640,000 asking price for a 22,000 square foot retail property in Yuma, CO.
    • Located at a main intersection with high visibility, at 502 E 8th Ave, Yuma, CO 80759.
    • Property includes a strong credit co‑tenant with over 8.5 years remaining on their lease.
    • Excellent opportunity for owner‑users or investors seeking value‑add potential through lease‑up or subdivision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yuma
    County
    Yuma
    State
    Colorado
    Longitude
    -102.7180008
    Latitude
    40.1190133

    Nearby Comparable

    • $430,000
      9,900 SF

      Highway Frontage Commercial Building

      Commercial building with frontage, spacious interior, and covered awning.
      805 East 8Th Ave, Yuma, CO 80759
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    • $1,099,000

      Motel with RV Sites

      33-room motel with 10 RV sites on large lot.
      815 E 8Th Ave, Yuma, CO 80759
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    • $33,000

      Level Corner Lot in Yuma

      Ready-to-build corner lot with utilities in central Yuma.
      622 S Columbus St, Yuma, CO 80759
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    • $1,176,763
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      Pizza Hut NNN Investment Opportunity

      NNN Pizza Hut with long-term lease and annual increases.
      831 S Detroit St, Yuma, CO 80759
      View Details

    Nearby Similar for Sale

    • $430,000
      9,900 SF

      Highway Frontage Commercial Building

      Commercial building with frontage, spacious interior, and covered awning.
      805 East 8Th Ave, Yuma, CO 80759
      View Details
    • $1,176,763
      3,228 SF

      Pizza Hut NNN Investment Opportunity

      NNN Pizza Hut with long-term lease and annual increases.
      831 S Detroit St, Yuma, CO 80759
      View Details
    • $1,099,000

      Motel with RV Sites

      33-room motel with 10 RV sites on large lot.
      815 E 8Th Ave, Yuma, CO 80759
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space, excellent visibility.
    Where is this lifestyle center located?
    The property is located at 502 8Th Ave Yuma, CO.
    What is the asking price?
    The asking price for this property is $2,640,000.
    What are key features of this property?
    This property features: $2,640,000 asking price for a 22,000 square foot retail property in Yuma, CO.; Located at a main intersection with high visibility, at 502 E 8th Ave, Yuma, CO 80759.; Property includes a strong credit co-tenant with over 8.5 years remaining on their lease.
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    Yuma, CO 80759
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 8Th Ave Yuma, CO 80759
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