For Sale
$1,631,700

27175 Main St Conifer, CO 80433

Value-add restaurant opportunity in Colorado.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional value-add investment opportunity presents a 9,324 square foot retail building situated on a substantial 60,110 square foot lot in the thriving Conifer Town Center, located at 27175 Main St, Conifer, CO 80433. The property, built in 2007, features a single-story structure with two tenant spaces, currently at 75% occupancy. One tenant, Mountain Home Entertainment, a well-established business operating for over 37 years, occupies approximately 6,000 square feet under a 5-year NNN lease with annual rent escalations. The remaining 3,300 square feet presents a significant value-add opportunity through lease-up. The property boasts 61 parking spaces and benefits from its location within a Safeway-anchored shopping center, ensuring high visibility and strong traffic. High barriers to entry, including water access limitations, challenging topography, and restrictive zoning, significantly reduce the likelihood of new competition. Priced at $1,631,700 ($175 per square foot), this offering represents a compelling investment opportunity priced significantly below replacement cost. The property's Jefferson County location offers strong demographics and a desirable market. This is a multi-tenant property with a total of two units.

Highlights

  • 27175 Main Street, Conifer, CO 80433.
  • Value-add opportunity: Lease the remaining approximately 3,300 square feet.
  • 9,324-square-foot building on a 60,110-square-foot lot.
  • Annual rent escalations in the NNN lease.
  • Strong, long-term tenant (Mountain Home Entertainment, 37 years in business) occupies 6,000 SF with 5 years remaining on their lease.
  • Located in a Safeway-anchored shopping center.

Property Details for 27175 Main St

Property type
Retail properties, Restaurants
Square Feet
9,324 SF
Year Built
2007
Buildings
1
Stories
1
Units
2

Location Insight

City
Conifer
County
Jefferson
State
Colorado
Latitude
39.527169354501
Longitude
-105.30634090751

FAQs

What type of property is this?
Retail property - Value-add restaurant opportunity in Colorado.
Where is the retail property located?
The property is located at 27175 Main St Conifer, CO.
What is the asking price?
The asking price for this property is $1,631,700.
What are key features of this property?
This property features: 27175 Main Street, Conifer, CO 80433.; Value-add opportunity: Lease the remaining approximately 3,300 square feet.; 9,324-square-foot building on a 60,110-square-foot lot.
How can I contact the broker?
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27175 Main St
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