7651 41St AveWheat Ridge, CO 80033
- Office properties
- 4,891 SF
Property Details for 7651 41St Ave
- Year built
- 1971
- Construction
- STEEL FRAME
- Lot size
- 0.72 AC
- Property size (Sq ft)
- 4,891 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 39-233-00-015
- APU
- 3923300015
Description
This exceptional 0.72-acre land parcel in Wheat Ridge, Colorado presents a compelling redevelopment opportunity. Located at 7651 W 41st Ave, 80033, this property boasts a strategic location within the Wadsworth Corridor Urban Renewal Plan Area, benefiting from a 2008 voter exemption from height and density limitations. The site currently features a 9,782 square foot, two-story office building constructed in 1971, along with approximately 50 surface parking spaces. The MU-C zoning permits a diverse range of uses, including residential (townhomes are specifically permitted), commercial, and retail development, making it ideal for mixed-use projects. This high-density zoning, situated along major commercial corridors and near employment and community activity centers, encourages medium to high-density development. The asking price for this exceptional investment is $1,450,000. This property offers significant potential for investors seeking to capitalize on the vibrant Wheat Ridge submarket and its flexible zoning regulations. Jefferson County location provides easy access to major transportation routes and amenities. Don't miss this chance to acquire a prime piece of land with significant upside potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $898,846
- 6.5%
- $829,704
- 7%
- $770,439
-
Comparable approach
- Method
- Valuation
- Relative Method
- $995,346
- Geo Method
- $404,094
-
Alternative Use
- Use
- Valuation
- Residential
- $1,028,833
- Hospitality
- $942,405
- Educational
- $784,070
- Medical
- $811,035
- Retail
- $1,219,664
Location Insight
- City
- Wheat Ridge
- County
- Jefferson
- State
- Colorado
- Latitude
- 39.7733
- Longitude
- -105.082
- 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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