72nd & Hooker Redevelopment Opportunity 2 Properties Offered at $1,300,000 in Westminster, CO

Centennial Advisers is pleased to present 3200 West 72nd Avenue + 7181 Hooker Street, a prime multifamily redevelopment opportunity in Westminster, CO. This offering includes two parcels: an 8,200 SF freestanding retail building and a 1,041 SF single-family home on 22,216 square feet of Commercial Mixed Use (CMU) Land, priced at $1.3M. Located at the signalized intersection of West 72nd Avenue and Hooker Street, the property offers excellent visibility, ample frontage, and easy access to major transportation routes, including 1-25 and US 36, making it ideal for residential or commercial redevelopment.
The highest and best use for the site is mixed use multifamily development, permitted by-right under its CMU zoning. This zoning allows for significant density, building height, and a variety of residential and retail uses, providing flexibility for a variety of redevelopment options. The site is also located within an Opportunity Zone, offering potential tax incentives for redevelopment. Westminster's submarket is experiencing strong demand for quality rental housing, creating an excellent opportunity for a new multifamily development to meet this need.
With its strategic location in a growing commercial area, the property benefits from high traffic counts and a dense residential and employment base. The surrounding neighborhood features consistent pedestrian activity, schools, retail centers, and other high-traffic locations, ensuring a built-in audience for future development. Whether for multifamily, commercial, or mixed-use projects, 3200 West 72nd Avenue + 7181 Hooker Street is a versatile investment offering significant long-term value and growth potential.