1480 1St AveBroomfield, CO 80020

Property Details for 1480 1St Ave

Lot size

0.48 AC

Zone code

B-2

Property type

Retail properties

Property subtype

Parking lots & garages

APN

157535318002

APU

157535318002

Description

This exceptional 889,000 USD property presents a unique investment opportunity in Broomfield, Colorado. Situated on a corner lot at the intersection of Highway 287, First Avenue, and Nickel Street, this location boasts unparalleled visibility and accessibility. The entire lot is fully paved with concrete, previously utilized as a car sales parking area. This existing infrastructure significantly reduces initial development costs and provides immediate usability. The property's strategic position offers exceptional exposure to high volumes of daily traffic, making it highly suitable for a variety of commercial ventures. Its proximity to the Boulder Turnpike ensures convenient access for customers and employees. The absence of existing structures allows for complete design flexibility, catering to a wide range of development plans, from retail spaces to light industrial uses. Given its prime location and existing infrastructure, this property represents a rare chance to acquire a highly visible and accessible commercial site in a thriving Colorado community. The substantial concrete paving eliminates the need for extensive site preparation, accelerating the development timeline and minimizing upfront expenses. This turnkey opportunity is perfect for investors seeking a quick return on investment or developers looking to capitalize on a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,000,994

  6.5%

  $5,539,379

  7%

  $5,143,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,494,943

  Geo Method

  $4,326,030

• Alternative Use

  Use

  Valuation

  Residential

  $4,672,673

  Hospitality

  $4,280,144

  Educational

  $3,561,029

  Medical

  $3,683,498

  Retail

  $5,539,379

Location Insight

City

Broomfield

County

Broomfield

State

Colorado

Latitude

39.9185

Longitude

-105.089

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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