• Excellent opportunity to purchase three properties with $100,000 down payment. The proposed transaction structure includes purchase of 517 E 8th St, the residential income
property for $165,000 with bank financing and separate purchase of 519 & 521 E 8th St, the mixed use commercial/industrial/storage and residential property for $525,000 with seller carry financing.
• The 8th Street Mixed Commercial/Residential/Storage building is conveniently located two blocks from 8th Avenue the main North/South Highway 34 Business Route through Downtown Greeley and is walking distance to Lincoln Park
• The property location enjoys proximity to key amenities, public transportation, and a thriving Downtown business community
• Three (3) commercial spaces including 2,500 SF commercial/industrial space (521 8th St), +/- 1,100 SF local grocery, and 1,601 SF storage space (519 8th St)
• Three (3) residential units including 748 SF 2 Bed/1 Bath single family home (517 8th St), one $1,250 SF 2 Bed/1 Bath apartment over commercial (521 8th St), and one 750 SF 1 Bed/1 Bath apartment (519 8th St)
• Industrial Medium Intensity (I-M) allows for a broad set of commercial and industrial uses
• Residential spaces enhance the property’s versatility, attracting potential tenants seeking a convenient and vibrant urban lifestyle
• The combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability
• Proximity to Downtown Greeley and continued reinvestment in the area should benefit the long term potential of this property