5890 44Th Ave Wheat Ridge, CO 80212
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High-visibility retail investment
Property size:
10,320 SFProperty Features for 5890 44Th Ave
General Information
- Property type
- Lifestyle centers
- Square Feet
- 10,320 SF
Building Details
- Year Built
- 1961
Listing Agency: Malman Commercial Real Estate Listing Agent: Jake Malman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 10,320 square foot shopping center and storefront, located at 5890-5892 West 44th Avenue in Wheat Ridge, Colorado, presents a compelling owner-user or investment opportunity. Priced at $2,400,000 ($232.56/sq ft), the property boasts high visibility on 44th Avenue within a rapidly growing area. Built in 1961 and situated on a 24,390 square foot lot ($98/SF land value), the property features a multi-tenant setup with a mix of occupied and vacant space. Investors can potentially achieve a 7.9% cap rate by leasing the vacant space. Alternatively, an owner-user could occupy the vacant space while collecting rent from the existing tenant. Recent improvements include a new roof and AC unit installed in 2019. The property is zoned RC and enjoys convenient access to I-70 and Sheridan Boulevard, enhancing its appeal and potential for growth. This prime retail location offers significant upside for both investors and owner-occupiers seeking a strong foothold in the thriving Wheat Ridge market. The property's size and location make it an ideal opportunity for a variety of retail businesses. This is a rare chance to acquire a well-maintained retail property in a high-demand area.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Lifestyle centers
Location Insight
- Map
- Local Demand
- City
- Wheat Ridge
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.0609928
- Latitude
- 39.7761889
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FAQs
What type of property is this?
Lifestyle center - High-visibility retail investment
Where is this lifestyle center located?
The property is located at 5890 44Th Ave Wheat Ridge, CO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Owner-user or investor opportunity.; 7.9% cap rate potential for investors; owner-users can lease the vacant space.; High-visibility retail space on 44th Avenue.
