1901 56Th Ave Greeley, CO 80634
- Office buildings
- 21,581 SF
- 1.39 lot acres
Current Use by Public Records
- Cynthia Graham / Speech Pathologist
- Kristen Holman / Physical Therapist
- Mercy Church / Church
- Jessica Bartholomew / Speech Pathologist
- Talia Carbajal / Speech Pathologist
Property Details for 1901 56Th Ave
- Year built
- 1996
- Lot size
- 1.39 lot acres
- Property size
- 21,581 SF
- Property type
- Office buildings
- APN
- R6905398
- APU
- R6905398
Description
This exceptional multi-tenant professional office building, situated at 1901 56th Ave in Greeley, Colorado, presents a compelling investment opportunity. Spanning 21,581 square feet and encompassing 1.39 acres of land, the property enjoys a highly desirable location in west Greeley, offering convenient access to a vibrant mix of restaurants, retail establishments, residential areas, recreational facilities, and essential public amenities. Currently, the building houses three established tenants, demonstrating strong occupancy and rental income potential. A significant advantage is the availability of a vacant lower-level space, presenting an immediate opportunity to increase revenue streams through leasing to a new tenant. The building's strategic placement along W. 20th Street ensures high visibility and accessibility for both tenants and clients. This property is ideally suited for investors seeking a stable, income-generating asset in a thriving Colorado community. The substantial square footage and ample land provide flexibility for future expansion or redevelopment, further enhancing its long-term value. The existing tenant base provides a solid foundation for continued success, while the vacant space offers immediate potential for growth. This is a rare opportunity to acquire a well-located, multi-tenant commercial property in a rapidly developing area. The combination of existing income and expansion potential makes this an attractive investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,105,000
- 6.5%
- $965,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $945,000
- Geo Method
- $1,015,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,150,000
- Retail
- $1,155,000
- Mixed-Use
- $910,000
- Hospitality
- $880,000
- Educational
- $1,085,000
- Residential Income
- $985,000
- Energy
- $855,000
- Income-Based Land
- $945,000
- Food Service
- $1,025,000
Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.771
- Latitude
- 40.4074
- CBSA code
- 24540
- CBSA name
- GREELEY, CO METROPOLITAN STATISTICAL AREA
