5 South 1st Avenue, Brighton CO
$1,200,000
5 South 1st Avenue, Brighton, CO 80601
11,000 sqft
Building Size
0.32 acres
Lot Area
Details:
Description:
5 South 1st Avenue
Brighton, Colorado 80601
For Sale or Lease
Newly lowered price: $1.2 Million (from $1.3 Million)
High visibility to highway, exit, and circular drive adjacent
Vacancy is bottom floor of building with 5500 SF of retail/industrial, roll up door access
Multi tenant building with single, recession proof, tenant in place
Tenant just used option for renewal starting in August of 2024 for an additional 5 year term at 3% yearly increases
PROPERTY OVERVIEW
Building Size: 11,000 SF
Available to Lease: 5,500 SF
Land Size: ±0.32 AC
Zoning: C-3 Brighton
Clear Height: 12’
Year Built: 1927
Year Renovated: 2003
Very busy trade area with access and visibility to highway exit with over 40,000 vehicles per day
HIGHLIGHTS
• Building is half occupied and has a vacancy
• Available space features a large roll-up door in place
• Property well suited for auto storage, contractor or retail use
• Visibility to highway at exit with over 40,000 vehicles per day
• Power: 580 Amps
• Abundant free public parking
INVESTMENT HIGHLIGHTS
Value add investment with strong single tenant income for the next 5 years at 3% increases yearly
Vacancy is very leasable or can be used for storage (including car storage)
Proforma income with modest vacancy lease rate assumptions puts this investment at over 10% cap rate
Call Ray for additional information at 720.209.5546
Documents:
| Title | ||
|---|---|---|
| 5 South 1st Ave _ Brochure Oct 2024 |
Location
Gallery
