Greeley, CO 80631 517 8th St Various
$800,000
27 more
Presented By: LC Real Estate Group, LLC; 3035888808
Beds • 5
Baths • 3
SQFT • 7,948
Home Details
Mixed Commercial/Residential building conveniently located two blocks from 8th Avenue. Walking distance to Lincoln Park. Proximity to key amenities, public transportation, and downtown. 2 commercial spaces, one 2500 sf currently leased as a church and second is 2700 sf leased as a retail home goods. 3 residential units - one single family home and two apartments above the commercial spaces. Industrial Medium Intensity allows for broad set of commercial and industrial uses. Residential spaces enhance the property's versatility, attracting potential tenants seeking a convenient and vibrant urban lifestyle. 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.
Presented By: LC Real Estate Group, LLC; 3035888808
Interior Features for 517 8th St Various
Bedrooms
Total Bedrooms5
Bathrooms
Total Baths3
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
BasementNone
Fireplace Y/NNo
Heating Y/NYes
General for 517 8th St Various
Attached Garage No
Cap Rate8.96
CityGreeley
Construction MaterialsWood/Frame, Block, Stucco, Wood Siding
CountyWeld
DirectionsFrom I-25, Exit 257 (US-34 E) toward Greeley. After 6.8 mi, take the US-34 BUS exit, and continue on US-34 BUS East & continue on 10th Street. Turn left onto 6th Ave., then right on 8th Street. Property
ElectricElectric, Xcel Energy
Elementary SchoolMaplewood
Garage Y/NNo
Gas Y/NNatural Gas, Atmos Energy
Gross Income106794
HOANo
HeatingSpace Heater, 2 or more Heat Sources
High SchoolGreeley Central
High School DistrictGreeley 6
Land Lease Y/NNo
LevelsBi-Level
Living Area UnitsSquare Feet
Lot Size Square Feet8712
Lot Size UnitsSquare Feet
MLS AreaGreeley/Weld
Middle/Junior High SchoolHeath
Net Operating Income71737
New ConstructionNo
Number Of Units Total5
Operating Expense35057
Possible UseMulti-Family, Commercial, Commercial or Industrial
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofTar/Gravel
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameGreeley City
Tax Annual Amount11931
Tax Year2024
Tenant PaysDeposit, Gas, Electricity, Water, Sewer
Unit NumberVarious
UtilitiesNatural Gas Available, Electricity Available
Waterfront Y/NNo
Year Built1919
ZoningI-M
Exterior for 517 8th St Various
Exterior AmenitiesLighting
Horse Y/NNo
Lot FeaturesCurbs, Sidewalks, Level
Lot Size Acres0.2
Lot Size Area8712
Parking FeaturesAlley Access
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Greeley
Additional Details
Price History
Schools
High School
Greeley Central High School
Elementary School
Maplewood Elementary School
Middle School
Heath Middle School
