4923 38Th AveDenver, CO 80212

Property Details for 4923 38Th Ave

Year built

1926

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

7,650 SF

Zone code

U-MX-3

Property type

Turn key restaurants

APN

02193-27-012-000

APU

219327012000

Description

This exceptional retail property, located at 4923 W 38th Avenue in Denver, Colorado, presents a unique investment opportunity. The 3,520 square foot space is situated in the highly desirable West Highlands neighborhood, known for its historic charm and vibrant community. This multi-tenant building offers a prime location within a bustling area, boasting convenient access to nearby residents and businesses. Its strategic placement provides excellent visibility and foot traffic. The property's proximity to the Tennyson Street cultural district adds to its appeal, placing it within easy reach of a diverse range of amenities and attractions. Furthermore, the presence of established businesses such as Sprouts, King Soopers, and Snarfs in the immediate vicinity underscores the area's strong commercial activity and high consumer demand. This makes it an ideal location for a variety of retail or restaurant uses. The property is in Denver County, Colorado, with a zip code of 80212. This is a rare chance to secure a space in one of Denver's premier retail neighborhoods. The property is currently available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,596,790

  6.5%

  $1,473,960

  7%

  $1,368,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,619,090

  Geo Method

  $657,325

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,861,260

  Mixed-Use / Specialty

  $1,474,010

  Hospitality / Lodging

  $1,088,330

  Office

  $1,470,770

  Institutional / Educational

  $1,534,270

  Residential Income

  $1,795,090

  Multifamily

  $2,123,560

  Automotive / Energy

  $1,315,090

  Parking / Income-Based Land

  $448,585

  Restaurant / Food Service

  $777,950

  Healthcare / Senior Housing

  $1,506,130

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7695

Longitude

-105.051

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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