4600 38Th AveDenver, CO 80212

Property Details for 4600 38Th Ave

Year built

2006

Construction

STEEL FRAME

Lot size

1.17 AC

Property size (Sq ft)

16,036 SF

Zone code

PUD

Property type

Retail properties

Property subtype

Other individual retail properties

APN

02302-47-060-000

APU

230247060000

Description

This exceptional 805-square-foot retail space is ideally situated within a thriving Denver Highlands location, specifically within a fully operational 24 Hour Fitness gym. The single-tenant space presents a unique opportunity for businesses in the health, wellness, and fitness sectors. Previous use was as a children's club, offering adaptable layout possibilities for a variety of tenants. Suitable uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense instruction, physical therapy, sports rehabilitation, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services, health diagnostic screening and testing, or retail sales of sports, health, and wellness products and apparel. The space is not suitable for businesses that prepare food or beverages on-site, offer pole dancing classes, or require extensive construction or utility upgrades. Located in Denver County's Highlands Garden submarket cluster, this property benefits from high visibility and convenient access. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). This turnkey space is ready for immediate occupancy, offering a compelling opportunity for a synergistic business within a well-established fitness environment. The property is 805 square feet, with all 805 square feet currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $4,332,124

  6.5%

  $3,998,884

  7%

  $3,713,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,223,808

  Geo Method

  $3,338,734

• Alternative Use

  Use

  Valuation

  Residential

  $3,373,208

  Hospitality

  $3,089,840

  Educational

  $2,570,711

  Medical

  $2,659,122

  Retail

  $3,998,884

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.769

Longitude

-105.047

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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