5599 Rio Grande StLittleton, CO 80120
- Retail properties
- 3,500 SF
Property Details for 5599 Rio Grande St
- Year built
- 1958
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.20 AC
- Property size (Sq ft)
- 3,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 2077-16-3-02-010
- APU
- 207716302010
Description
This well-maintained 3,500 square foot mixed-use commercial building is situated on a 0.2-acre corner lot in the heart of Littleton, Colorado. Its prime location offers convenient access to Downtown Littleton, enhancing visibility and foot traffic. The building boasts a versatile layout, ideal for owner-occupancy or investment. Features include a spacious warehouse area complete with shelving, a large barn door enclosure, and a garage door with an elevated concrete receiving dock, ensuring efficient loading and unloading. The front entry also features a large garage door, providing ample access. Abundant natural light floods the interior thanks to fantastic windows. The building also includes two man doors, a built-in point-of-sale (POS) cashier area, two bathrooms, and a prep kitchen, making it suitable for a variety of retail or commercial uses. A private parking lot is available, supplemented by ample street parking. Currently occupied by a tenant under a lease expiring in January 2025, this property presents a unique opportunity for both owner-users seeking a functional space and investors looking for a stable income stream. The asking price is $1,750,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,080,910
- 6.5%
- $997,763
- 7%
- $926,494
-
Comparable approach
- Method
- Valuation
- Relative Method
- $965,295
- Geo Method
- $728,708
-
Alternative Use
- Use
- Valuation
- Residential
- $841,650
- Hospitality
- $770,947
- Educational
- $641,419
- Medical
- $663,478
- Retail
- $997,763
Location Insight
- City
- Littleton
- County
- Arapahoe
- State
- Colorado
- Latitude
- 39.6155
- Longitude
- -105.014
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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