4385 Parker RdAurora, CO 80015

Property Details for 4385 Parker Rd

Year built

1971

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

3,294 SF

Property type

Retail properties

Property subtype

Bars

APN

2075-12-1-00-003

APU

207512100003

Description

This exceptional 5,896 square foot retail building, situated on approximately one acre at the prominent intersection of S. Parker Rd and E. Quincy Ave in Aurora, Colorado (zip code 80015), presents a compelling investment opportunity. The property, built in 1971 and boasting 82 parking spaces, is currently vacant and offers significant potential for a variety of commercial ventures. The building comprises 3,294 square feet of main-level space and a 2,602 square foot walkout basement, providing ample room for diverse business operations. Located in Unincorporated Arapahoe County, the property benefits from a B-5 zoning designation, allowing for a wide range of permitted uses. These include, but are not limited to, gas convenience stores (with or without pumps), automotive sales and service centers, restaurants (with or without drive-throughs), bars and taverns, and various retail establishments. Additional permitted uses encompass a broad spectrum of commercial activities, including medical and dental clinics, banks, hotels, and numerous other possibilities. The property's prime location, ample parking, and flexible zoning make it an ideal investment for entrepreneurs seeking a versatile and high-potential commercial space. The asking price is $2,975,000, and the APN is 031763657.

• CAP approach

  CAP return

  Valuation

  6%

  $908,857

  6.5%

  $838,945

  7%

  $779,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,628,372

  Geo Method

  $685,819

• Alternative Use

  Use

  Valuation

  Residential

  $707,681

  Hospitality

  $648,232

  Educational

  $539,322

  Medical

  $557,870

  Retail

  $838,945

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.6372

Longitude

-104.83

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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