4153 Picadilly Rd Denver, CO 80249-8648
- Commercial real estate
- 2.33 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4153 Picadilly Rd
- Lot size
- 2.33 lot acres
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 00234-09-054-000
- APU
- 23409054000
Description
This 1.68-acre commercial property, located at 4153 Picadilly Rd in Denver, Colorado (zip code 80249), presents a unique investment opportunity. Situated on the southwest corner of Picadilly Road and 42nd Avenue, this site boasts excellent visibility and accessibility. The property is zoned S-MX-3 by the City of Denver, allowing for a diverse range of uses beyond its current configuration as a gas station. Permitted uses include, but are not limited to, convenience stores, coffee shops, drive-thru restaurants, general retail establishments, lodging facilities, and restaurants. The location offers "right in/right out" access to Picadilly Road and full movement on 42nd Street. This is the only available site on the west side of Picadilly Road between 56th Avenue South and I-70. Furthermore, planned improvements to Picadilly Road, including widening from 56th Avenue to I-70 and a new interchange at I-70, are expected to significantly enhance traffic flow and increase property value. This prime location and flexible zoning make this an exceptional opportunity for investors seeking high-growth potential in a rapidly developing area of Denver.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $415,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $475,000
- Retail
- $485,000
- Mixed-Use
- $475,000
- Hospitality
- $475,000
- Educational
- $390,000
- Residential Income
- $465,000
- Energy
- $360,000
- Income-Based Land
- $350,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.735
- Latitude
- 39.7765
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA