38 Costello Ave Florissant, CO 80816-7167
This exceptional 1,456 square foot commercial property located at 38 Costello Avenue in Florissant, Colorado, presents a unique investment opportunity. Situated in a prime downtown location, this building offers high visibility and easy accessibility, making it ideal for a variety of uses. The current configuration includes a spacious office area suitable for multiple businesses or a single large tenant. A significant advantage is the inclusion of a separate apartment, providing flexibility for owner-occupancy or the generation of additional rental income. The property boasts ample parking, a significant benefit in a busy commercial area. The expansive backyard offers further potential for expansion or outdoor use. The property's versatility allows for a wide range of commercial ventures, from daycare centers to professional office spaces, and more. While current rental income details are available upon request, it's important to note that the tenant is responsible for all utilities. This reduces the operating costs for the owner and enhances the overall return on investment. The asking price of $325,000 represents a compelling opportunity to acquire a well-located, versatile commercial property with significant upside potential. Don't miss this chance to secure a prime piece of Florissant real estate.
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
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Florissant, COFlorissant. Always verify with local authorities before improvements.
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.