3801 Tejon StDenver, CO 80211

Property Details for 3801 Tejon St

Year built

1946

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

1,261 SF

Zone code

U-MX-3

Property type

Retail properties

Property subtype

Gas stations

APN

02213-42-011-000

APU

221342011000

Description

This exceptional 0.14-acre mixed-use property at 3801 Tejon St, Denver, CO 80211, presents a prime redevelopment opportunity. Currently operating as a 1,261 square foot auto shop with 100% occupancy and a 4.50% cap rate, this property offers significant upside. The U-MX-3 zoning allows for a wide range of uses, including multifamily, retail, office, and more, with the potential to build up to three stories. The location is highly desirable, situated in the sought-after Sunnyside neighborhood, boasting a rare corner lot with full turn access off Tejon Street and convenient ingress/egress on W 38th Avenue. This busy location offers 124 feet of street frontage on W 38th Avenue, with an average daily traffic count of 17,706 westbound and 20,627 eastbound vehicles. The property is surrounded by large residential communities and is conveniently located just 2.5 miles from downtown Denver. This is a unique chance to acquire a high-traffic, versatile property with substantial redevelopment potential in a thriving Denver neighborhood. The asking price is $875,000.

• CAP approach

  CAP return

  Valuation

  6%

  $442,888

  6.5%

  $408,819

  7%

  $379,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $834,431

  Geo Method

  $262,543

• Alternative Use

  Use

  Valuation

  Residential

  $344,854

  Hospitality

  $315,885

  Educational

  $262,812

  Medical

  $271,851

  Retail

  $408,819

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7695

Longitude

-105.012

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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