3011 49Th Ave Denver, CO 80221
- Auto shops
- 1,728 SF
- 0.28 lot acres
Current Use by Public Records
- Auto shops
Property Details for 3011 49Th Ave
- Year built
- 1922
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 1,728 SF
- Zone code
- E-MX-2
- Property type
- Auto shops
- APN
- 02173-01-029-000
- APU
- 217301029000
Description
This exceptional 12,500 square foot land parcel presents a unique investment opportunity in Denver's highly sought-after Regis neighborhood. Located at 3011 W 49th Ave, Denver, CO 80221, this property boasts a prime location just one block from Regis University, catering to the significant demand for student and entry-level housing within the Denver metro area. Previously approved plans for a 12-unit townhome development are included in the sale, providing a streamlined path to project commencement. While these plans have expired, the City of Denver's approval process is anticipated to be expedited due to prior approvals. All construction and architectural plans are readily available, minimizing development hurdles. The property's strategic location offers easy access to major transportation arteries, including I-70 and I-76, enhancing its appeal. Furthermore, its proximity to multiple parks adds to its desirability. This is a rare chance to capitalize on the robust housing market and the area's strong growth trajectory. The asking price for this exceptional property is $950,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,760,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,940,000
- 6.5%
- $1,610,000
- 7%
- $1,745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,010,000
- Geo Method
- $1,755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,885,000
- Retail
- $1,860,000
- Mixed-Use
- $1,565,000
- Hospitality
- $2,055,000
- Educational
- $1,825,000
- Residential Income
- $1,965,000
- Energy
- $1,645,000
- Income-Based Land
- $1,905,000
- Food Service
- $1,820,000
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.026
- Latitude
- 39.7858
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
