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    5989 W 1St Ave Lakewood, CO 80033

    For Sale
    Contact for pricing

    Two adjacent parcels preliminarily approved for 34 residential units.

    Lot size:
    0.84 Acres

    Property Features for 5989 W 1St Ave

    General Information

    Lot size
    0.84 Acres

    Source: SBC Real Estate Advisors Agent Del Elmagbari

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Development Land Opportunity

    Two adjacent parcels totaling 34,773 square feet are preliminarily approved for the construction of 34 residential apartments or condominiums. This hard corner assemblage benefits from access on both 1st Avenue and Harlan Street. The current zoning is M-N-U, which allows for a multitude of different uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.154419
    Latitude
    39.7196505

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    FAQs

    What type of property is this?
    Commercial land - Two adjacent parcels preliminarily approved for 34 residential units.
    Where is this commercial land located?
    The property is located at 5989 W 1St Ave Lakewood, CO.
    What are key features of this property?
    This property features: - Preliminarily approved for 34 residential units (apartments or condos).; - Two adjacent parcels totaling 34,773 sf.; - Hard corner assemblage with access on both 1st Ave and Harlan Street.
    (303) 356-9922
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    5989 W 1St Ave Lakewood, CO 80033
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    Lakewood, CO 80033
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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
    5989 W 1St Ave Lakewood, CO 80033
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