Current Use by Public Records
- Warehouses
Property Details for 50 Arizona Ave
- Year built
- 1915
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This exceptional Littleton, Colorado investment opportunity presents a unique 18,696 square foot mixed-use property located at 50 W Arizona Ave, Denver, CO 80120. Built in 1915, this Class C building boasts a captivating blend of industrial and retail potential, currently configured as warehouse space and a live/work residential unit (approximately 2,870 square feet) featuring four bedrooms and three bathrooms. The structure, constructed of brick, block, and wood beams, offers a substantial main floor warehouse area and a second-floor residential component. The property includes one drive-in door and one dock-high door, along with a gated yard of approximately 3,125 square feet. Eleven parking spaces are available, and the city has granted 34 parking credits under the current zoning (A-I). Annual property taxes for 2022 were $48,256. Situated just a half-block from Broadway, south of I-25, and three blocks from the light rail, this location offers unparalleled access and visibility. This property presents endless possibilities for redevelopment, investment, or single-user occupancy, making it an ideal opportunity for discerning investors seeking a high-return, mixed-use asset in a rapidly developing area. The asking price is $2,685,000, with an attractive 8.10% cap rate.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Littleton
- County
- Denver
- State
- Colorado
- Longitude
- -105.003
- Latitude
- 39.5897
