7651 41St AveWheat Ridge, CO 80033

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 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.

• 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

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