711 12Th AveGolden, CO 80401

Property Details for 711 12Th Ave

Year built

1864

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

1,411 SF

Property type

Office properties

Property subtype

Office buildings

APN

30-273-14-016

APU

3027314016

Description

This exceptional 1,761 square foot office building at 711 12th Street, Golden, CO, presents a rare investment opportunity. Located a half block from Washington Street in the heart of Golden's bustling downtown, this property boasts an unparalleled location. Zoned C2, it offers incredible flexibility for a variety of uses. Imagine operating an office, retail space, or even redeveloping into a mixed-use property featuring ground-floor retail/restaurant and upper-level residential units. The building currently comprises six office spaces, a kitchen area, and two bathrooms. It has never been rented, having been used solely by the owner. A significant advantage is the inclusion of 14 deeded parking spaces, a rare find in this highly desirable area. The property's prime location places it within easy walking distance of iconic landmarks such as Coors Brewery, the Colorado School of Mines, and the vibrant Clayworks development, which is bringing new restaurants, shops, condos, and hotels to the area. Surrounded by thriving businesses and experiencing high pedestrian traffic, this building represents a unique chance to own a piece of Golden's rich history and thriving commercial landscape. The asking price is $1,490,000. Don't miss this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $259,307

  6.5%

  $239,360

  7%

  $222,263

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,146

  Geo Method

  $116,577

• Alternative Use

  Use

  Valuation

  Residential

  $296,807

  Hospitality

  $271,874

  Educational

  $226,196

  Medical

  $233,975

  Retail

  $351,860

Location Insight

City

Golden

County

Jefferson

State

Colorado

Latitude

39.7555

Longitude

-105.221

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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