5800 44Th AveDenver, CO 80212

Property Details for 5800 44Th Ave

Year built

1958

Construction

STEEL FRAME

Lot size

0.22 AC

Property size (Sq ft)

3,144 SF

Property type

Retail space

APN

39-244-07-001

APU

3924407001

Description

This exceptional Wheat Ridge retail property, located at 5800 W 44th Avenue, offers a unique investment opportunity. The 3,144 square foot building sits on a 0.65-acre lot and features a fully built-out, 1,050 square foot liquor store with a transferrable license. Built in 1958, the single-story building boasts 14 parking spaces and prominent double-sided pylon signage. The property is zoned C-1 and benefits from a high-traffic location at the signalized intersection of 44th Avenue and Fenton Street. The existing liquor store tenant has a long-term lease in place. The interior includes a large walk-in refrigerator (11 doors), three large double-door refrigerators, a counter/checkout area with register, extensive shelving, wine racks, a storage area with a wash sink, and other fixtures. This turnkey operation presents a compelling opportunity for an established or aspiring liquor store owner. The property's strong location, ample parking, and existing infrastructure make it an ideal investment. The building's current lease generates $2,820 per month in rent ($27.00 per square foot per year, plus $5.23 per square foot per year in NNN expenses). This listing is for the real estate only

• CAP approach

  CAP return

  Valuation

  6%

  $656,251

  6.5%

  $605,770

  7%

  $562,501

• Comparable approach

  Method

  Valuation

  Relative Method

  $665,414

  Geo Method

  $270,148

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,175,920

  Mixed-Use / Specialty

  $605,788

  Hospitality / Lodging

  $447,282

  Office

  $604,457

  Institutional / Educational

  $630,554

  Residential Income

  $737,748

  Multifamily

  $872,743

  Automotive / Energy

  $540,475

  Parking / Income-Based Land

  $184,360

  Restaurant / Food Service

  $319,722

  Healthcare / Senior Housing

  $618,991

Location Insight

City

Wheat Ridge

County

Jefferson

State

Colorado

Latitude

39.7764

Longitude

-105.061

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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