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Property profile & analytics
OFF-MARKET
Parking lots & garages

1480 1st Ave Broomfield, CO 80020

0.48 ac lot
Entity Owned Free & Clear
Property ID
US13-1023028
Property summary
AI-generated overview

This exceptional 889,000 USD property presents a unique investment opportunity in Broomfield, Colorado. Situated on a corner lot at the intersection of Highway 287, First Avenue, and Nickel Street, this location boasts unparalleled visibility and accessibility. The entire lot is fully paved with concrete, previously utilized as a car sales parking area. This existing infrastructure significantly reduces initial development costs and provides immediate usability. The property's strategic position offers exceptional exposure to high volumes of daily traffic, making it highly suitable for a variety of commercial ventures. Its proximity to the Boulder Turnpike ensures convenient access for customers and employees. The absence of existing structures allows for complete design flexibility, catering to a wide range of development plans, from retail spaces to light industrial uses. Given its prime location and existing infrastructure, this property represents a rare chance to acquire a highly visible and accessible commercial site in a thriving Colorado community. The substantial concrete paving eliminates the need for extensive site preparation, accelerating the development timeline and minimizing upfront expenses. This turnkey opportunity is perfect for investors seeking a quick return on investment or developers looking to capitalize on a highly desirable location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.48 ac (20,778 SF)
Zoning code B-2
APN 157535318002
UPID US13-1023028
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
TURNPIKE CONST CO
TURNPIKE CONST CO
Zoning & alternative use
B-2 · Broomfield, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The following uses are permitted by special review in the B-2 district: (A) Multiple-family dwellings when located on second and higher floors when processed as a Planned Unit Development; (B) Dairy processing and distribution; (C) Laundries and dry cleaning plants; (D) Small animal veterinary hospitals; (E) Plumbing, electrical, and carpenter shops; (F) Tru…

Zone name General Business District
General category COMMERCIAL
Zone area 291.68 ac
Source municipal code
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