1001 120Th AveWestminster, CO 80234

Property Details for 1001 120Th Ave

Year built

2001

Lot size

16.14 AC

Property size (Sq ft)

173,060 SF

Property type

Outlet malls

APN

R0129787

APU

R0129787

Description

This exceptional 1,494 square foot commercial space is located within the Village at Park Centre, a two-story Class B building situated at 1001 W 120th Ave, Westminster, CO 80234. The property boasts a total of 18,200 square feet and offers multiple tenancy options. This particular unit is currently vacant and ready for immediate occupancy. Built in 1997, the building features ample parking with 900 spaces available. The lot size is a generous 4.29 acres, and the building has a floor area ratio (FAR) of 0.09. The property is conveniently located near Huron St and is zoned for retail, office, and restaurant uses. The space is ideal for a variety of businesses, and its previous use as a Subway restaurant provides existing infrastructure including a grease trap, making it particularly suitable for a food service operation. While a hood system is not currently installed, the possibility of adding one exists. The minimum divisible space is 1,494 square feet, and the maximum contiguous space available is also 1,494 square feet. This presents a unique opportunity for a business seeking a well-located, ready-to-occupy space in a thriving Westminster community. The property's APN is 1573-33-4-01-003.

• CAP approach

  CAP return

  Valuation

  6%

  $46,857,100

  6.5%

  $43,252,700

  7%

  $40,163,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,261,200

  Geo Method

  $14,870,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $83,843,300

  Mixed-Use / Specialty

  $43,302,000

  Hospitality / Lodging

  $32,034,200

  Office

  $43,256,700

  Institutional / Educational

  $45,089,400

  Residential Income

  $52,754,500

  Multifamily

  $62,142,800

  Automotive / Energy

  $38,648,000

  Parking / Income-Based Land

  $13,135,900

  Restaurant / Food Service

  $22,956,000

  Healthcare / Senior Housing

  $44,196,700

Location Insight

City

Thornton

County

Adams

State

Colorado

Latitude

39.916

Longitude

-104.975

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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