4890 BroadwayEnglewood, CO 80113

Property Details for 4890 Broadway

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

1,936 SF

Property type

Auto shops

APN

2077-10-4-09-010

APU

207710409010

Description

This exceptional 3,256 square foot retail property, located at 4890 S Broadway in Englewood, Colorado (zip code 80113), presents a unique investment opportunity. Situated on a 0.29-acre corner lot at a stoplight intersection of South Broadway and Chenango Avenue, this property boasts high visibility and accessibility. Currently configured as a turnkey automotive repair shop, the building features two drive-through bays with 18-foot overhead doors, allowing ample space for two vehicles per bay. The shop is equipped with four automotive lifts, enhancing its operational efficiency. The building's depth accommodates various uses. While the listed square footage is 3,256 square feet, the property also includes a basement area (not included in the square footage). The asking price is $1,995,000, translating to $612.71 per square foot. The expansive lot size offers significant potential for redevelopment, accommodating a variety of uses, including a quick-service restaurant (QSR), coffee shop, or an expanded automotive facility. This property's prime location and versatile configuration make it an attractive investment for both established businesses and forward-thinking developers. The property's features include four 4' x 18' overhead doors. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Colorado market.

• CAP approach

  CAP return

  Valuation

  6%

  $494,834

  6.5%

  $456,770

  7%

  $424,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $166,350

  Geo Method

  $166,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $912,416

  Mixed-Use / Specialty

  $446,385

  Hospitality / Lodging

  $316,097

  Office

  $434,612

  Institutional / Educational

  $460,931

  Residential Income

  $539,289

  Multifamily

  $695,340

  Automotive / Energy

  $395,083

  Parking / Income-Based Land

  $144,990

  Restaurant / Food Service

  $213,480

  Healthcare / Senior Housing

  $466,739

Location Insight

City

Englewood

County

Arapahoe

State

Colorado

Latitude

39.6279

Longitude

-104.988

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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