12950 38Th AveDenver, CO 80239

  • Warehouses
  • 124,750 SF
For Sale
$16,000,000 View listing

Property Details for 12950 38Th Ave

Year built
1974
Construction
STEEL FRAME
Lot size
5.77 AC
Property size (Sq ft)
124,750 SF
Zone code
I-B
Property type
Warehouses
APN
01251-01-001-000
APU
125101001000

Description

This exceptional 129,362-square-foot warehouse, located at 12950 E 38th Ave in Denver, Colorado, presents a compelling owner-user investment opportunity. Boasting a single-story design built in 1974, the property sits on a substantial 5.73-acre lot zoned Denver I-B, UO-2. The asking price is $16,000,000, translating to $123.68 per square foot. The building features a generous 22-foot ceiling height, providing ample vertical space for various industrial uses. Efficient operations are ensured by the presence of 27 dock-high doors, facilitating seamless loading and unloading. The property's strategic location in Denver, Colorado, zip code 80239, offers excellent access to major transportation arteries, enhancing logistical efficiency. The land value is also calculated at $123.68 per square foot. This substantial warehouse presents a rare opportunity to acquire a well-maintained, strategically located industrial asset in a thriving Denver market. The property's size, features, and zoning make it suitable for a wide range of industrial and warehousing operations. Serious inquiries are encouraged to explore this significant investment opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,801,234
    Hospitality
    $24,549,786
    Educational
    $20,425,134
    Medical
    $21,127,586
    Retail
    $31,772,430
12950 38Th Ave, Denver, Colorado

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7686
Longitude
-104.836
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$215,420
$938,300
$1,841,820
$2,780,120
-
$3,393,100
$6,601,500
$9,994,600

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