2955 72Nd AveWestminster, CO 80030

Property Details for 2955 72Nd Ave

Year built

1961

Lot size

0.41 AC

Property size (Sq ft)

4,000 SF

Property type

Retail properties

Property subtype

Auto shops

APN

R0067137

APU

R0067137

Description

Exceptional investment opportunity in Westminster, Colorado! This 4,000 square foot auto shop, situated on a 0.41-acre lot (17,847 square feet), is offered at $1,000,000, representing a price per square foot of $250. The property is zoned C-1 by the City of Westminster, making it ideal for a variety of uses within the auto repair and related service industries. The building itself provides ample space for operations, while the generous lot size offers potential for expansion or additional development. This property is being sold as a user/investor opportunity, presenting a compelling option for both owner-operators seeking to establish or expand their business, and investors looking for a strong return on investment in a thriving commercial area. Please note that the existing tenant should not be disturbed. The property is located at 2955 W 72nd Ave, Westminster, CO 80030. This is a rare opportunity to acquire a well-located, established commercial property in a desirable area. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,404,878

  6.5%

  $1,296,810

  7%

  $1,204,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,646,886

  Geo Method

  $832,810

• Alternative Use

  Use

  Valuation

  Residential

  $1,093,908

  Hospitality

  $1,002,014

  Educational

  $833,664

  Medical

  $862,335

  Retail

  $1,296,810

Location Insight

City

Westminster

County

Adams

State

Colorado

Latitude

39.8276

Longitude

-105.023

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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