2650 Hampden Ave Englewood, CO 80110
- Retail properties
- 2,400 SF
- 0.41 lot acres
Current Use by Public Records
- The Outdoorsman's Attic / Fishing Store / Gun Shop
- Small Arms and Repair / Gun Shop
Property Details for 2650 Hampden Ave
- Year built
- 1961
- Lot size
- 0.41 lot acres
- Property size
- 2,400 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fully leased 2,400 square foot storefront located at 2650 W Hampden Ave in Englewood, Colorado. The property, built in 1961, sits on a 0.407-acre lot and is zoned BUS-1. Currently occupied by a sporting goods store under a lease expiring December 31, 2026, offering a remaining lease term of approximately 2.1 years. The current Net Operating Income (NOI) is $52,408, yielding a 5.52% cap rate. A pro-forma NOI of $65,000 projects a 6.84% cap rate, indicating significant potential for increased income. The asking price is $950,000, translating to $395.83 per square foot. This prime location boasts excellent visibility due to its proximity to Highway 285, making it an attractive investment for both immediate income generation and long-term redevelopment potential. The property's strong current occupancy (100% since December 1, 2021) and the substantial remaining lease term provide immediate cash flow and stability. The Arapahoe County location and BUS-1 zoning offer flexibility for future development plans. This is a rare opportunity to acquire a well-located, income-producing retail property with significant upside potential.
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
- Englewood
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.019
- Latitude
- 39.6531
