517-521 8th St FOR SALE


Greeley, CO
$690,000 USD
303-588-8808
, Greeley, CO for Sale
$690,000 USD
FOR SALE
1/6
null | 10% Cap Rate

517-521 8th St
Greeley, CO


HIGHLIGHTS

  • Mixed Commercial/Residential building package conveniently located two blocks from 8th Ave in Greeley
  • Proximity to key amenities, public transportation, and a thriving Downtown business community
  • All spaces currently leased - Two commercial spaces - Three residential units, two over the commercial spaces and one Single Family home
  • Industrial Medium Intensity (I-M) zoning allows for broad set of commercial and industrial uses
  • Combination of commercial and residential units ensures income diversification, reducing risk and increasing investment stability

OVERVIEW

• 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

ASK ABOUT THIS PROPERTY

Wayne LewisLC Real Estate GroupMore Info
303-588-8808

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Wayne LewisLC Real Estate GroupMore Info
303-588-8808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.