5475 Independence St Arvada, CO 80002
- Retail properties
- 5,778 SF
Current Use by Public Records
- Retail properties
Property Details for 5475 Independence St
- Year built
- 1987
- Property size
- 5,778 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional turn-key automotive shop, located at 5475 Independence Street in Arvada, Colorado, presents a rare investment opportunity. The property boasts 5,778 square feet of well-maintained shop space, ideally situated on a 21,238 square foot corner lot, ensuring high visibility and accessibility. Built in 1987, this single-story building features five bays, perfect for servicing a variety of vehicles, and includes two separate offices for administrative tasks. The property benefits from two separate electrical meters, enhancing operational efficiency. Its prime location across from a Walmart shopping center guarantees consistent high traffic flow, providing immediate access to a large potential customer base. Further enhancing its appeal, the property is situated in a rapidly growing area, with 695 new single and multi-family units and townhomes currently under construction within a half-mile radius. This surge in residential development translates to a significantly expanding customer pool. The property's MX-N zoning ensures flexibility for continued automotive use. With limited competition from only one other automotive repair shop in the immediate vicinity, this presents a unique chance to capitalize on a burgeoning market. The average household income within a two-mile radius exceeds $96,000, indicating strong purchasing power in the area. The asking price for this exceptional property is $2,295,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arvada
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.105
- Latitude
- 39.8006
