5600 56Th AveCommerce City, CO 80022

Property Details for 5600 56Th Ave

Year built

1992

Lot size

4.27 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

R0092436

APU

R0092436

Description

This exceptional 4.26-acre parcel of industrial land presents a unique investment opportunity in Commerce City, Colorado. Located at 5600 E 56th Ave, this property is zoned I-1, offering significant flexibility for a variety of industrial uses. The land is partially improved, providing a head start for development. Situated in Adams County, Colorado, with a zip code of 80022, this location offers convenient access to major transportation arteries, ensuring efficient logistics and distribution. The property's coordinates are 39.79739 latitude and -104.921611 longitude, allowing for easy identification and site analysis. This expansive lot provides ample space for construction of a new facility or expansion of existing operations. The I-1 zoning designation opens doors to a wide range of industrial projects, making this a highly versatile and attractive proposition for businesses seeking to establish or expand their presence in the thriving Commerce City market. Serious inquiries are encouraged to explore the potential of this strategically located industrial land. The property's size and zoning make it ideal for a variety of industrial uses, offering a compelling opportunity for growth and development. Don't miss this chance to acquire a significant piece of industrial real estate in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $65,327,172

  6.5%

  $60,302,004

  7%

  $55,994,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $123,080,848

  Geo Method

  $38,725,856

• Alternative Use

  Use

  Valuation

  Residential

  $50,866,996

  Hospitality

  $46,593,896

  Educational

  $38,765,572

  Medical

  $40,098,780

  Retail

  $60,302,004

Location Insight

City

Commerce City

County

Adams

State

Colorado

Latitude

39.7974

Longitude

-104.922

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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