25997 Conifer Rd - Freestanding FOR SALE


Conifer, CO 80433
$899,000 USD
970-799-5354
25997 Conifer Rd, Conifer, CO for Sale
$899,000 USD
Freestanding - FOR SALE
1/32
null | 7.25% Cap Rate

25997 Conifer Rd
Conifer, CO 80433


HIGHLIGHTS

  • 7.25% Cap Rate on $65k NOI
  • Great Highway 285 Visibility
  • Aspen Park Business District
  • Upside Potential - Addl. 423 SF (8.5%) Leasable w/fire escape
  • Turn-key Investment Opportunity
  • Priced for a Quick Sale

OVERVIEW

Keller Williams Commercial & the Lucchesi Property Group are pleased to offer this fully-leased retail and office investment sale opportunity to the market. The Property consists of five (5) tenants occupying six (6) units, key tenants have established history, and a well balanced roll-over schedule. The investment opportunity features $65,202 in-place Net Operating Income at a 7.25% Cap Rate. The new roof was replaced in Sept. 2024 at over $60,000 capital investment. The 2nd and 3rd floor was added in 1998 and the interior has had multiple finish renovations. A Value-Add opportunity exists with the vacant (423 SF) space. You could rent it, or convert it to additional common area and increase the load factor (allowing full NNN reimbursement). The Property is well located in Aspen Park district of Conifer, Colorado. It has excellent visibility from Hwy 285 and easy access, with multiple points of ingress and egress from the frontage road (Conifer Rd). Aspen Park is a mixed urban, suburban, and rural area located in the foothills of the Rocky Mountains just 30 minutes west of Downtown Denver. It offers a mountain lifestyle with access to urban amenities and is surrounded by aspen and pine trees. Aspen Park is known for its small-town feel, highly-rated schools, and proximity to outdoor recreation. With more residents being priced out of metro Denver, Conifer continues to become a popular bedroom community. The growth trend has lead to increased demand for retail and office space in Aspen Park, supporting the long-term desirability of this turn-key investment opportunity.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C-1

APN/PARCEL ID

61-123-05-001

ASK ABOUT THIS PROPERTY

Daniel LucchesiLucchesi Property GroupMore Info
970-799-5354

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Daniel LucchesiLucchesi Property GroupMore Info
970-799-5354

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