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5890-5892 W 44th Ave 10,320 SF 50% Leased Retail Building Wheat Ridge, CO 80212 $2,400,000 ($232.56/SF)
INVESTMENT HIGHLIGHTS
- Excellent location in the high growth area of Wheat Ridge
- Close proximity to I-70 & Sheridan Blvd
EXECUTIVE SUMMARY
• Owner/User or Investor opportunity
• Investor can lease the vacancy and achieve a 7.9% cap rate or an owner/user can occupy the vacant space and be the landlord for the tenant next door
• High visibility retail property on 44th Avenue
• Excellent location in the high growth area
of Wheat Ridge
• New roof and AC unit in 2019
• Close proximity to I-70 & Sheridan Blvd
• Investor can lease the vacancy and achieve a 7.9% cap rate or an owner/user can occupy the vacant space and be the landlord for the tenant next door
• High visibility retail property on 44th Avenue
• Excellent location in the high growth area
of Wheat Ridge
• New roof and AC unit in 2019
• Close proximity to I-70 & Sheridan Blvd
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,320 SF
Building Class
C
Year Built
1973
Price
$2,400,000
Price Per SF
$232.56
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.56 AC
Zoning
RC - Restricted Commercial District
Parking
42 Spaces (4.07 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 39-244-07-018 | Improvements Assessment | $125,222 |
| Land Assessment | $85,060 | Total Assessment | $210,282 |
PROPERTY TAXES
Parcel Number
39-244-07-018
Land Assessment
$85,060
Improvements Assessment
$125,222
Total Assessment
$210,282
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5890-5892 W 44th Ave
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