2904 W 16Th St Greeley, CO 80634
For Sale
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This exceptional 1-acre lot in central Greeley, CO (2904 W. 16th St, 80634), presents a remarkable opportunity for developers. Priced at $300,000 ($6.89/SF), this R-H (Residential High Density) zoned property offers significant potential for a small-scale residential infill project. Its prime location boasts proximity to schools, parks, retail amenities, and major healthcare facilities, including Banner North. The zoning allows for diverse residential development, including multi-family, single-family, duplex, and townhome options, catering to a range of housing needs within this established suburban neighborhood. An adjacent property at 1610 29th Avenue Place is also available for purchase separately. A secondary access easement over 1610 29th Avenue Place is available if the adjacent property is not purchased. The sale includes a 3/4" water tap and dedication. Minerals are excluded from the sale. This property offers a compelling investment opportunity in a thriving area with attractive demographics and traffic patterns. The combination of location, zoning, and included infrastructure makes this a highly desirable development site. This is a rare opportunity to acquire a well-situated parcel ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.