1480 1st Ave Broomfield, CO 80020
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.
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Broomfield, COThe 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) Truck, trailer, mobile home, and farm equipment sales and services; (G) Building supply yards; (H) Retail uses requiring limited manufacturing or processing on the premises of items to be sold; (I) Commercial Planned Unit Developments; (J) Car wash facilities; (K) Gas stations or service station; (L) Storage of oil, gasoline, and petroleum products, subject to all requirements of the Colorado Industrial Commission and limited to 20,000 gallons maximum storage; (M) Public uses as follows: (1) Water facilities, including storage, (2) Wastewater treatment facilities, and (3) Related facilities; (N) Child day-care facilities; (O) Commercial recreational uses, outdoor; (P) Small animal shelters; (Q) Used car sales; (R) Wireless communications towers; and (S) Flea markets. (Ord. 257 Art. 1 §3, 1975; Ord. 259 Art. 13 §3, 1975; Ord. 942 §2 1992; Ord. 968 §11, 1993; Ord. 1079 §2, 1994; Ord. 1164 §1, 1995; Ord. 1194 §3, 1996; Ord. 1514 §4, 2000; Ord. 1682 §3, 2002) ( Ord. No. 2123 , § 11, 5-12-20; Ord. No. 2198 , § 3, 9-27-22) 17-22-040 - Lot, yard, and related requirements. The following are minimum lot, yard, and related requirements in the B-2 district: (A) Twenty-five feet from any street right-of-way and twenty-five feet from any alley centerline; (B) A landscaped area of at least ten feet in width shall be provided adjacent to any street abutting the commercial site; (C) If across the street from a residential district, a landscaped area not less than twenty-five feet in width shall be provided paralleling the right-of-way; (D) Curb cuts may be permitted through the landscaped area; (E) When abutting a residential district, the yard between the zone district boundary and any building shall be not less than three times the height of the proposed building. In addition, a solid fence six feet high shall be constructed on the zone district boundary. The city manager or his or her designee may require an eight-foot-high solid fence if there is at least a two-foot difference in the average elevation of the lots on either side of the district boundary between the B-2 district and the residential district;
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.