1.32 Acres Lot
1.32 Acres Lot
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9993695
HOA Y/N No
Originating Board recolorado
Year Built 1940
Annual Tax Amount $7,450
Tax Year 2023
Lot Size 1.320 Acres
Acres 1.32
Property Sub-Type Multi-Family
Property Description
Develop an additional income stream with 100 ft of high visibility frontage along E. Colfax Avenue and Town of Bennett commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940's structure: perhaps future retail, or a convenient office for your growing enterprise. Invest in an area that has experienced a notable population increase since 2020, with an average annual growth rate of 8.7% in the Town of Bennett. The population in Bennett is projected to continue expansion at a 12% - 20% growth rate per year with projections through 7/1/2029. (Source: Town of Bennett publication, November 2024.)
Convenient location for tenants, near Denver International Airport (Top 6 busiest airport in the world by 2024 passenger count), Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park.
Total Price: $2,735,000:
Bennett Homes: 13-Unit Manufactured Home Community:
• Current Cap Rate: 5.71%
• Pro Forma Cap Rate: 7.78% +
460 E Colfax Avenue: Additional Land Value, water tap, & 1940's structure.
Location
State CO
County Adams
Zoning Commercial
Interior
Fireplace N
Exterior
Parking Features Concrete
Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected
Total Parking Spaces 26
Garage No
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
GET MORE INFORMATION
Broker-Owner | Lic# 40035149
jenelle@supremerealtygroup.com
11786 Shaffer Place Unit S-201, Littleton, CO, 80127