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Property profile

233 3 Ave Idaho Springs, CO 80452

OFF-MARKET
Warehouses
2,090 SF Built 1938
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Property summary

AI-generated overview

This exceptional investment opportunity presents a unique three-building complex in Idaho Springs, Colorado, ideally situated on a 4,835 sq ft lot. The property boasts a total of 2,090 sq ft of net rentable space, spread across three interconnected buildings constructed in 1938 and renovated in 2000. The main building features office/lobby space, potentially divisible for multiple uses, and a 3/4 bathroom. An attached heated garage adds convenience. A large metal building (900 sq ft) offers two bays, one equipped with a car lift, and the other containing a removable "on-call" room. An additional shop space (690 sq ft) provides versatile options. The property includes eight parking spaces and three dock-high doors, enhancing functionality. With a 20-foot ceiling height, the warehouse space is suitable for various uses. The property is zoned Commercial Mixed Use (C-1), allowing for a wide range of permitted activities, including retail, office, light manufacturing, and more. Its strategic location, just ten blocks from the historic district and one block from I-70, provides excellent highway access and proximity to Denver (30 minutes away), Summit County, and Grand County. This property is located in an Opportunity Zone, offering potential tax advantages. The asking price is $500,000, translating to $239.23 per square foot. The property is available for occupancy on March 28, 2024.

Property profile

Verified
Property type Warehouses
Year built 1938
Total area 2,090 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

233 3 Ave Idaho Springs, CO 80452
Idaho Springs metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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