9601-9609 W 57th Pl - Storefront FOR SALE


Arvada, CO 80002
$750,000 USD
303-512-1159
9601-9609 W 57th Pl, Arvada, CO for Sale
$750,000 USD
Storefront - FOR SALE
1/4
null | 6.16% Cap Rate

9601-9609 W 57th Pl
Arvada, CO 80002


HIGHLIGHTS

  • Low-cost multi-tenant retail center
  • Well below replacement cost at $162 per foot
  • Strong demographics near new development
  • Long-term established tenants
  • Stable income with upside at renewals
  • Metered separately for gas, electric, and sewer

OVERVIEW

Unique Properties Inc. is pleased to present this opportunity to acquire a stabilized, well priced retail center in Arvada, Colorado. This property offers almost 5,000 feet of retail space located just off Ralston Road in a rapidly expanding part of the city. Across the street from a Walmart shopping center, there’s a constant flow of traffic strengthening the tenants. Within a half-mile of Arvada Villa, there are currently 695 new single and multi-family units as well as townhomes under construction which will only increase visits to this property. With current gross leases in place, there’s lots of potential upside as they expire to switch to a NNN lease structure and increase rents to market.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

6.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,033 SF

ZONING

MX-N

APN/PARCEL ID

39-103-07-004

ASK ABOUT THIS PROPERTY

Sam LegerUnique Properties, Inc.More Info
303-512-1159

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Sam LegerUnique Properties, Inc.More Info
303-512-1159

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