12190 44Th AveWheat Ridge, CO 80033

Property Details for 12190 44Th Ave

Year built

1975

Construction

STEEL FRAME

Lot size

0.54 AC

Property size (Sq ft)

2,332 SF

Property type

Retail properties

Property subtype

Retail space

APN

39-201-08-007

APU

3920108007

Description

This exceptional investment opportunity presents a 3,197 square foot retail storefront located at 12190 W 44th Ave, Wheat Ridge, CO 80033. The property, built in 1975, sits on a 0.7-acre lot and is zoned C-1, offering significant flexibility for future development. Currently operating as a retail/liquor store/convenience store, the property boasts high visibility due to its location on a major thoroughfare with 128,400 vehicles per day on I-70, and includes pylon signage. The asking price is $1,500,000, representing a price per square foot of $469.19 and a 4.48% cap rate. The property generates a Net Operating Income (NOI) of $67,137. Ample parking is available. The building's unique design is appealing, and future development options exist. According to City of Wheat Ridge guidelines, the existing building can be used as-is, demolished, or rebuilt up to 50 feet high, utilizing up to 80% of the lot. This property presents a compelling investment opportunity in a prime retail market within the Denver MSA. The Jefferson County location and the property's strong performance metrics make this a highly desirable asset. The property's APN is 39-201-08-007.

Location Insight

City

Wheat Ridge

County

Jefferson

State

Colorado

Latitude

39.778

Longitude

-105.136

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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