1480-1488 Lima St - Storefront Retail/Office FOR SALE


Aurora, CO 80010- Delmar Parkway
$1,050,000 USD
610-836-2156
1480-1488 Lima St, Aurora, CO for Sale
$1,050,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | 5.05% Cap Rate

1480-1488 Lima St
Aurora, CO 80010
Delmar Parkway


HIGHLIGHTS

  • Value Add Retail Building
  • Below market rents | Avg Rent $11.81 PSF
  • 50% of the building is on short term leases
  • Grandfathered automotive use.
  • Masonry Building with Twin T Rood
  • In the path of development

OVERVIEW

1480 Lima Street is a 5,800 SF retail building located in Aurora, Colorado. Constructed in 1977, this property offers investors an amazing value-add investment opportunity. Zoned OA-G, the property's versatile layout and expansive space cater to a diverse set of uses. Currently featuring below-market rents averaging $11.81 PSF, the building presents a prime chance for yield enhancement. Additionally, its strategic location in the path of development and close proximity to the Anschutz Fitzsimons Medical Campus ensures long-term growth potential.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

5.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Auto Repair, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

OA-G

APN/PARCEL ID

1973-02-1-18-001

ASK ABOUT THIS PROPERTY

Justin HermanUnique Properties, Inc.More Info
610-836-2156

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Justin HermanUnique Properties, Inc.More Info
610-836-2156

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.