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    38 Costello Ave Florissant, CO 80816

    For Sale
    $325,000

    Versatile commercial space w/ apartment, ample parking.

    Property size:
    1,456 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 1,456 square foot commercial property located at 38 Costello Avenue in Florissant, Colorado, presents a unique investment opportunity. Situated in a prime downtown location, this building offers high visibility and easy accessibility, making it ideal for a variety of uses. The current configuration includes a spacious office area suitable for multiple businesses or a single large tenant. A significant advantage is the inclusion of a separate apartment, providing flexibility for owner-occupancy or the generation of additional rental income. The property boasts ample parking, a significant benefit in a busy commercial area. The expansive backyard offers further potential for expansion or outdoor use. The property's versatility allows for a wide range of commercial ventures, from daycare centers to professional office spaces, and more. While current rental income details are available upon request, it's important to note that the tenant is responsible for all utilities. This reduces the operating costs for the owner and enhances the overall return on investment. The asking price of $325,000 represents a compelling opportunity to acquire a well-located, versatile commercial property with significant upside potential. Don't miss this chance to secure a prime piece of Florissant real estate.

    Property Features for 38 Costello Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,456 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Wholesale Shop Nail Salon Auto Parts Store Auto Repair Shop Kitchen & Bath Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florissant
    County
    Teller
    State
    Colorado
    Longitude
    -105.2892
    Latitude
    38.94676

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    FAQs

    What type of property is this?
    Office Property / Space - Versatile commercial space w/ apartment, ample parking.
    Where is this office property / space located?
    The property is located at 38 Costello Ave Florissant, CO.
    What is the asking price?
    The asking price for this property is $325,000.
    (719) 576-5000
    Request Owner's contact information
    38 Costello Ave Florissant, CO 80816
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    Florissant, CO 80816
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 Costello Ave Florissant, CO 80816
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