7490 80Th AveCommerce City, CO 80022

Property Details for 7490 80Th Ave

Year built

1922

Construction

FRAME

Lot size

3.57 AC

Property size (Sq ft)

1,311 SF

Property type

Auto shops

APN

R0181023

APU

R0181023

Description

This exceptional 3.57-acre commercial lot in Commerce City, Colorado, presents a remarkable investment opportunity. Located at 7490 E 80th Ave, this property boasts a prime location with high traffic counts and easy access to major highways and truck routes. The lot features 356 feet of frontage along 80th Avenue, offering excellent visibility and accessibility. Zoned C-3, it allows for a wide range of uses, including but not limited to: restaurants, retail stores, banks, medical facilities, entertainment venues, and more (a complete list of permitted uses is available). The land is flat, fenced, and enjoys the benefit of city water and sewer services. Recent grading has improved erosion control and drainage. Three sides of the property have no immediate neighbors, providing increased privacy and potential development flexibility. Existing on the property are a 1,311 square foot caretaker's home and a 1,040 square foot garage, both of which are in poor condition and will require significant updates or remodeling. The property is being sold "as-is," with the seller not providing any repairs or updates. The asking price is $1,600,000. Cash or hard money financing is preferred. All information is deemed reliable but not guaranteed; buyers are encouraged to conduct their own due diligence to verify all aspects, including zoning and permitted uses. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $354,961

  6.5%

  $327,657

  7%

  $304,253

• Comparable approach

  Method

  Valuation

  Relative Method

  $358,023

  Geo Method

  $112,647

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $635,148

  Mixed-Use / Specialty

  $328,030

  Hospitality / Lodging

  $242,672

  Office

  $327,687

  Institutional / Educational

  $341,570

  Residential Income

  $399,637

  Multifamily

  $470,757

  Automotive / Energy

  $292,774

  Parking / Income-Based Land

  $99,509.80

  Restaurant / Food Service

  $173,901

  Healthcare / Senior Housing

  $334,808

Location Insight

City

Commerce City

County

Adams

State

Colorado

Latitude

39.841

Longitude

-104.901

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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