14959 Hampden AveMorrison, CO 80465

Property Details for 14959 Hampden Ave

Year built

1951

Construction

WOOD FRAME

Lot size

2.41 AC

Property size (Sq ft)

5,809 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

50-014-01-001

APU

5001401001

Description

This exceptional 2.3-acre commercial property in Morrison, Colorado, presents a unique investment opportunity. Located at 14959 W Hampden Ave, 80465, this stunning lakefront site boasts a 10,617 square foot building, currently vacant, offering immense potential for a variety of uses. The C1 zoning allows for flexibility in development, making it ideal for a restaurant, event center, brew pub, or private club. Imagine capitalizing on the breathtaking views of Soda Lake, while enjoying proximity to the renowned Red Rocks Amphitheater, just a 5-minute drive away. The property includes 200 parking spaces, ensuring ample accommodation for patrons and guests. This prime location in Jefferson County's Morrison submarket offers unparalleled access to a vibrant community and a stunning natural setting. The tranquil ambiance and expansive space create an idyllic setting for a successful venture. The existing building provides a solid foundation for immediate development, minimizing upfront construction costs. Don't miss this chance to own a truly remarkable commercial property in one of Colorado's most desirable locations. This is a rare opportunity to establish a thriving business in a picturesque and highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,323,764

  6.5%

  $1,221,936

  7%

  $1,134,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,832,354

  Geo Method

  $743,906

• Alternative Use

  Use

  Valuation

  Residential

  $1,221,936

  Hospitality

  $1,119,287

  Educational

  $931,233

  Medical

  $963,260

  Retail

  $1,448,585

Location Insight

City

Morrison

County

Jefferson

State

Colorado

Latitude

39.6422

Longitude

-105.166

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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