105 8Th Ave Greeley, CO 80631
Property profile & analytics
105 8Th Ave Greeley, CO 80631
- Motels
- 6,412 SF
Property ID
US13-2748375
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Rainbow Motel / Hotel & Motel
Property Details for 105 8Th Ave
- Year built
- 1953
- Property size
- 6,412 SF
- Property type
- Motels
- Property subtype
- Commercial real estate
Description
Seller will carry financing to a qualified buyer $575,000 down, at 5% interest only for a 5-year term. Price reduced. Independent Boutique motel renovated and positioned to capture business entering Greeley from the North. 16 Guest rooms Manager Residence on-site A perfect fit for retiree owners ... (and their Millennial successors) At dusk the neon sign is seductive. Arching over the rooftop the rainbow-colored sign (which happens to be the motel’s moniker) beckons passersby. On a weekend road trip with no particular timeline other than to get out of the house, the 68-ish couple, six months into retirement, faced what most 65-70-year olds do. The home where they’d raised their children echoed at night with only the two of them sorting through the Instacart delivery. The pandemic had trimmed entertaining to zero. In the last two years of working mostly remotely, they’d gotten adept at Zoom calls and better at saying goodbyes to their friends who had moved on to retirement destinations. The couple caught the vibe. Downsizing to 16 bedrooms at age 65 seems, well, absurd. Until you figure in that the 16 rooms is a boutique motel with a sincerely awesome personal residence behind the lobby doors. When their grown kids return home for holidays, they can block out a couple of guest rooms for as long as they want. Even at this age the two figured they had a good 20+ years of active living to do. Plus, they were building a little family business with serious income to add to their Social Security. And just maybe it will be of interest in perpetuity for one of their kids. Broker owned
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Greeley
- County
- Weld
- State
- Colorado
- Longitude
- -104.6913563
- Latitude
- 40.4334783
