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6175 W 38th Ave 2,920 sq ft Retail Property Wheat Ridge, CO 80033 £714,501 (£244.69/sq ft)

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INVESTMENT HIGHLIGHTS

  • Freestanding Building
  • Flexible Zoning
  • Development Potential
  • Potential Assemblage Opportunity for .77 Acre Site!

EXECUTIVE SUMMARY

**Rare development opportunity on 38th Avenue in Wheat Ridge! The combined sale of 6175 W 38th Ave (MLS #3482406) and 6145 W 38th Ave (MLS #7901392) offers 0.77 acres in a prime location. Zoned MU-N (Mixed Use-Neighborhood), this assemblage has the potential for up to 15 residential units (to be verified with the City of Wheat Ridge). With high visibility and flexible zoning, this property is ideal for residential, commercial, or live-work development. Don’t miss the chance to create something special in the heart of Wheat Ridge! Buyer would need to purchase this plus the neighboring property.**
Located in the heart of Wheat Ridge, Colorado, on the bustling 38th Avenue corridor, this 2,920 square foot building presents an exceptional opportunity for a thriving business or a dynamic redevelopment project. Currently serving as a well-established children's care center, this property offers abundant parking both in the front and rear, providing convenient access for clients and staff. Its prime location, just steps away from the vibrant hotspots along 38th Avenue, ensures high visibility and easy accessibility. The freestanding building features multiple versatile rooms on the ground floor, along with a partially finished basement area that currently functions as an office for the existing business. A fully fenced playground area at the rear of the property adds to its appeal, providing a safe and enjoyable outdoor space for children. The property's current MU-N (mixed use neighborhood) zoning offers a wide range of possibilities for future owners who may choose to redevelop the site. This flexibility allows for a variety of potential uses, such as the possible Development of a mixed-use project. The MU-N zoning permits a combination of residential and commercial uses, offering opportunities for innovative and creative development. With its prime location, versatile space, and redevelopment potential, this property represents a unique and exciting opportunity for businesses and investors seeking to establish a presence in the thriving Wheat Ridge community.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL ANNUAL PER sq ft
Taxes £11,576 £3.96
Operating Expenses - -
Total Expenses £11,576 £3.96

FINANCIAL SUMMARY (ACTUAL - 2023)

Taxes
Annual £11,576
Annual Per sq ft £3.96
Operating Expenses
Annual -
Annual Per sq ft -
Total Expenses
Annual £11,576
Annual Per sq ft £3.96

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Child Care Centres / Nursery
Property Size
2,920 sq ft
Costar Property Class
C
Year Built
1928
Price
£714,501
Price per sq ft
£244.69
Tenancy
Single
Number of Floors
1
Plot ratio
0.19
Total Plot Size
0.34 ac
Use Class
MU - N; Mixed Use - The MU-N zoning permits a combination of residential and commercial uses, offering opportunities for innovative and creative development. With its pri
Parking
24 Spaces (8.21 Spaces per 1,000 sq ft Leased)
Walk Score®
Easily Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Starbucks
SPENGA
King Soopers
KeyBank
Planet Fitness
24 Hour Fitness
Sprouts Farmers Market
Safeway
Vectra Bank
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39-243-00-050
Land Assessment
£39,418 (2024)
Improvements Assessment
£92,986 (2024)
Total Assessment
£132,404 (2024)
Annual Taxes
£11,576 (£3.96/sq ft)
Tax Year
2023
  • Listing ID: 33086620

  • Date on Market: 06/09/2024

  • Last Updated:

  • Address: 6175 W 38th Ave, Wheat Ridge, CO 80033

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