5890 44Th AveWheat Ridge, CO 80212

This 10,320 square foot shopping center and storefront, located at 5890-5892 West 44th Avenue in Wheat Ridge, Colorado, presents a compelling owner-user or investment opportunity. Priced at $2,400,000 ($232.56/sq ft), the property boasts high visibility on 44th Avenue within a rapidly growing area. Built in 1961 and situated on a 24,390 square foot lot ($98/SF land value), the property features a multi-tenant setup with a mix of occupied and vacant space. Investors can potentially achieve a 7.9% cap rate by leasing the vacant space. Alternatively, an owner-user could occupy the vacant space while collecting rent from the existing tenant. Recent improvements include a new roof and AC unit installed in 2019. The property is zoned RC and enjoys convenient access to I-70 and Sheridan Boulevard, enhancing its appeal and potential for growth. This prime retail location offers significant upside for both investors and owner-occupiers seeking a strong foothold in the thriving Wheat Ridge market. The property's size and location make it an ideal opportunity for a variety of retail businesses. This is a rare chance to acquire a well-maintained retail property in a high-demand area.