For Sale
$950,000

2650 Hampden Ave Englewood, CO 80110

Englewood, CO storefront, high ROI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fully leased 2,400 square foot storefront located at 2650 W Hampden Ave in Englewood, Colorado. The property, built in 1961, sits on a 0.407-acre lot and is zoned BUS-1. Currently occupied by a sporting goods store under a lease expiring December 31, 2026, offering a remaining lease term of approximately 2.1 years. The current Net Operating Income (NOI) is $52,408, yielding a 5.52% cap rate. A pro-forma NOI of $65,000 projects a 6.84% cap rate, indicating significant potential for increased income. The asking price is $950,000, translating to $395.83 per square foot. This prime location boasts excellent visibility due to its proximity to Highway 285, making it an attractive investment for both immediate income generation and long-term redevelopment potential. The property's strong current occupancy (100% since December 1, 2021) and the substantial remaining lease term provide immediate cash flow and stability. The Arapahoe County location and BUS-1 zoning offer flexibility for future development plans. This is a rare opportunity to acquire a well-located, income-producing retail property with significant upside potential.

Highlights

  • Fully leased 2,400 SF storefront in Englewood, CO.
  • Located at 2650 W Hampden Ave on a 0.407-acre lot, zoned BUS-1.
  • Current lease expires December 31, 2026 (approx. 2.1 years remaining).
  • Current NOI: $52,408; 5.52% cap rate; Pro-forma NOI: $65,000; 6.84% cap rate.
  • Asking price: $950,000 ($395.83/SF).

Property Details for 2650 Hampden Ave

Property type
Retail properties, Retail space
Square Feet
2,400 SF
Year Built
1961
Buildings
1
Lot Size (sq. ft)
17,729 SF
Units
1

Location Insight

City
Englewood
County
Arapahoe
State
Colorado
Latitude
39.6530695
Longitude
-105.0190094

FAQs

What type of property is this?
Retail property - Englewood, CO storefront, high ROI.
Where is the retail property located?
The property is located at 2650 Hampden Ave Englewood, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully leased 2,400 SF storefront in Englewood, CO.; Located at 2650 W Hampden Ave on a 0.407-acre lot, zoned BUS-1.; Current lease expires December 31, 2026 (approx. 2.1 years remaining).
How can I contact the broker?
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2650 Hampden Ave
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