4952 62Nd Ave Commerce City, CO 80022
- Retail space
- 13,680 SF
- 1.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 4952 62Nd Ave
- Year built
- 2004
- Lot size
- 1.17 lot acres
- Property size
- 13,680 SF
- Property type
- Retail space
- APN
- R0158167
- APU
- R0158167
Description
This exceptional retail opportunity is located within the vibrant Commerce City Plaza, a King Soopers-anchored shopping center boasting a strong lineup of national tenants. The property is strategically positioned at the high-traffic intersection of US-85 and E. 62nd Ave., offering unparalleled visibility and accessibility. Its convenient location, just one mile north of Highway 270, ensures easy access for customers throughout the region. This prime retail space totals 1,172 square feet and is perfect for a variety of businesses seeking a high-traffic location. The surrounding area is experiencing significant growth, with the nearby Mile High Greyhound Park redevelopment project adding substantial residential density. This 65-acre development will include approximately 780 new multifamily units, along with planned single-family homes, institutional/educational facilities, and additional commercial properties. This influx of new residents will create a larger customer base for businesses within Commerce City Plaza, making this a truly exceptional investment opportunity. The property's multiple tenancy structure provides a diverse and thriving retail environment. This space presents a unique chance to establish a presence in a rapidly expanding area with strong existing infrastructure and significant future growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $715,000
- 6.5%
- $690,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $765,000
- Geo Method
- $690,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $695,000
- Retail
- $640,000
- Mixed-Use
- $805,000
- Hospitality
- $705,000
- Educational
- $785,000
- Residential Income
- $700,000
- Energy
- $830,000
- Income-Based Land
- $725,000
- Food Service
- $715,000
Location Insight
- Map
- Local Demand
- City
- Commerce City
- County
- Adams
- State
- Colorado
- Longitude
- -104.929
- Latitude
- 39.8091
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA