56541 Colfax Ave Strasburg, CO 80136
- Retail space
- 6,667 SF
- 0.34 lot acres
Current Use by Public Records
- Zoom N Groom Pet Salon (Not Mobile) / Pet Groomer
- OMG Nails / Nail Salon
- Real Estate Connection, LLC | Christina Pastori / Real Estate Agent
- Comanche Crossing Counseling / Mental Health Service / Counselor
Property Details for 56541 Colfax Ave
- Year built
- 1950
- Lot size
- 0.34 lot acres
- Property size
- 6,667 SF
- Property type
- Retail space
- APN
- R0081958
- APU
- R0081958
Description
This exceptional investment opportunity presents a 6,667 square foot multi-tenant retail building situated on three parcels totaling approximately 0.94 acres. Located on East Colfax Avenue in the growing town of Strasburg, Colorado, this property boasts excellent visibility and frontage. Currently occupied by a diverse range of tenants including a real estate office, insurance agency, Mexican restaurant, coffee shop, dog groomer, and a boutique, this property offers immediate cash flow with existing leases in place. The property is zoned C-3, allowing for a variety of commercial uses. Parcel 3, comprising 0.49 acres, is currently vacant and presents an ideal opportunity for future development of a stand-alone building. The location offers convenient access to I-70 via Wagner Street, placing it just 25 minutes from Denver International Airport and 45 minutes from Downtown Denver. The property's proximity to the Strasburg Fire Department and the United States Postal Service further enhances its appeal. This is a rare chance to acquire a well-positioned, income-producing retail property in a thriving Colorado community. The asking price is $1,499,999. The property's address is 56541 E Colfax Ave, Strasburg, CO 80136.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $320,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $360,000
- Mixed-Use
- $405,000
- Hospitality
- $320,000
- Educational
- $300,000
- Residential Income
- $385,000
- Energy
- $360,000
- Income-Based Land
- $320,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Strasburg
- County
- Adams
- State
- Colorado
- Longitude
- -104.326
- Latitude
- 39.7387
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA