5599 Rio Grande StLittleton, CO 80120

  • Retail properties
  • 3,500 SF
For Sale
$1,750,000 View listing

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
5599 Rio Grande St, Littleton, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$25,543
-
-
$330,615
-
$425,000
$790,000
$1,215,000

FAQs

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