7390 38Th AveWheat Ridge, CO 80033
- Office properties
- 3,027 SF
Property Details for 7390 38Th Ave
- Year built
- 1965
- Construction
- STEEL FRAME
- Lot size
- 0.37 AC
- Property size (Sq ft)
- 3,027 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 39-261-00-048
- APU
- 3926100048
Description
This exceptional 6,054-square-foot storefront retail space in Wheat Ridge, Colorado, presents a unique investment opportunity. Located at 7390 W 38th Ave, this freestanding building boasts a prime location in a high-density area off 38th Avenue. The property, with APN 300024293, underwent a complete renovation in 2022, featuring 3,000 square feet on the main level and an additional 3,000 square feet in a fully insulated basement. Upgrades include all new flooring, furnaces, HVAC systems, lighting, plumbing, and electrical work. A prominent monument sign ensures high visibility from the busy 38th Avenue. The large lot provides ample off-street parking for customers and employees. This single-building property offers a versatile space ideal for a variety of retail uses, benefiting from its convenient location and recent modernization. The Jefferson County address and 80033 zip code offer easy access to major transportation routes and a thriving community. This is a turn-key opportunity for a discerning buyer seeking a well-maintained, high-impact retail space.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $556,288
- 6.5%
- $513,497
- 7%
- $476,818
-
Comparable approach
- Method
- Valuation
- Relative Method
- $616,011
- Geo Method
- $250,091
-
Alternative Use
- Use
- Valuation
- Residential
- $636,736
- Hospitality
- $583,247
- Educational
- $485,255
- Medical
- $501,943
- Retail
- $754,840
Location Insight
- City
- Wheat Ridge
- County
- Jefferson
- State
- Colorado
- Latitude
- 39.7691
- Longitude
- -105.079
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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