For Sale
$1,500,000

12190 44Th AveWheat Ridge, CO 80033

High-visibility storefront, strong NOI, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,197 square foot retail storefront located at 12190 W 44th Ave, Wheat Ridge, CO 80033. The property, built in 1975, sits on a 0.7-acre lot and is zoned C-1, offering significant flexibility for future development. Currently operating as a retail/liquor store/convenience store, the property boasts high visibility due to its location on a major thoroughfare with 128,400 vehicles per day on I-70, and includes pylon signage. The asking price is $1,500,000, representing a price per square foot of $469.19 and a 4.48% cap rate. The property generates a Net Operating Income (NOI) of $67,137. Ample parking is available. The building's unique design is appealing, and future development options exist. According to City of Wheat Ridge guidelines, the existing building can be used as-is, demolished, or rebuilt up to 50 feet high, utilizing up to 80% of the lot. This property presents a compelling investment opportunity in a prime retail market within the Denver MSA. The Jefferson County location and the property's strong performance metrics make this a highly desirable asset. The property's APN is 39-201-08-007.

Highlights

  • $1,500,000 asking price for this 3,197 square foot retail storefront.
  • Net lease investment opportunity with a 4.48% cap rate and $67,137 NOI.
  • Located at 12190 W 44th Ave, Wheat Ridge, CO 80033, in a high-visibility location with ample parking.
  • Class C building, built in 1975, situated on a 0.7-acre lot with C-1 zoning.
  • Broker co-op available.

Property Details for 12190 44Th Ave

Property type
Retail properties, Retail space
Square Feet
3,197 SF
Class
C
Year Built
1975
Buildings
1
Stories
1
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Wheat Ridge
County
Jefferson
State
Colorado
Latitude
39.7779591
Longitude
-105.1356226
12190 44Th Ave, Wheat Ridge, Colorado

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
12190 44Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message