457 Wadsworth BlvdLakewood, CO 80226

Property Details for 457 Wadsworth Blvd

Year built

1977

Construction

STEEL FRAME

Lot size

0.58 AC

Property size (Sq ft)

6,237 SF

Property type

Retail space

APN

49-112-04-015

APU

4911204015

Description

This exceptional single-story retail building, located at 457 Wadsworth Blvd in Lakewood, Colorado, offers 6,237 square feet of versatile space. Built in 1977 and renovated in 2008, the property boasts three suites, with 3,300 square feet currently vacant, providing a significant opportunity for immediate occupancy. The minimum divisible space is 1,400 square feet, making it ideal for a variety of tenants. The building sits on a 0.58-acre lot (24,959 square feet) and features ample parking with 33 spaces. The property is zoned M-G-S and benefits from a convenient location near W 5th Ave in the West submarket cluster of Lakewood. The building's floor area ratio (FAR) is 0.25. The property is well-suited for retail, office, or medical uses, offering high visibility and accessibility. No elevators are present. The property's address is 457 Wadsworth Blvd, Lakewood, CO 80226. The APN is 49-112-04-015. This is a fantastic opportunity to secure a prime retail location in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,684,925

  6.5%

  $1,555,315

  7%

  $1,444,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,198,546

  Geo Method

  $1,298,558

• Alternative Use

  Use

  Valuation

  Residential

  $1,311,967

  Hospitality

  $1,201,754

  Educational

  $999,846

  Medical

  $1,034,232

  Retail

  $1,555,315

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7234

Longitude

-105.082

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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