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7255 Monaco Street, Commerce City, CO

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DetailMap
7255 Monaco Street

Commerce City, CO 80022-1731 - Northeast Ret Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1955
Building Size:10,051 SF Land Area:.41 AC (17,860 SF)
For Sale Price:$825,000 Price/SF:$82.08
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of .5/1,000 SF
Features:Pylon Sign, Restaurant, Signage, Tenant Controlled HVAC



Sale Notes:
The historic Derby Downtown District is an important part of Commerce City’s identity – both past and future. Longtime residents recall its heyday as a bustling activity center during the 1950s and 1960s, while current residents and business owners see its vast potential to once again become an important community hub. Revitalizing the district, re-establishing it as a destination and enhancing its visibility are just some of the goals of the Derby Master Plan as envisioned by the Commerce City Urban Renewal Authority.

The city is currently working on a plan to upgrade both street lighting and signage elements in the Derby Downtown District. Improved lighting will make the district safer and more welcoming, wayfinding signage will help direct visitors to destinations in Derby, and both will contribute to the area’s unique identity within Commerce City.

The Derby Review Board oversees this program offering funding to help Derby business owners improve building facades (i.e. painting, windows, awning, lighting), signage and landscaping on their property. To date, the city has contributed around $250,000 to local businesses for such improvements.

Property is located in an enterprise zone and the state will match funds up to 50,000 with a tax credit for Rehabilitating buildings that have been empty for 2 years or more.
Commerce City has designated this area as

As usual it’s always the artists that find the coolest areas. Several Art related owners have moved in. It is with great hopes that they are striving to keep the already slow paced, culturally rich feeling the area already has but add a little artist flare. More info can be found at www.derbyartsdistict.com

Recent capital improvements in the Derby District include:
• Revitalization of Joe Reilly Park (6401 E. 72nd Pl.)
• $1 million in intersection improvements at Monaco Street and E. 72nd Place
• Creation of the Derby Review Board (Ordinance 2043)
• Re-vamping the Commerce City Small Business Resource Center (7270 Monaco St.)
• Completion of roadway and pedestrian improvements along E. 72nd Avenue
• Construction of the Highway 2 widening project
• Development of a Lighting & Signage plan for the district

Modern Real Estate
Jeanie N King
(401) 323-4606




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