1480 Lima Street, Aurora, CO, 80010

1480 Lima Street Aurora, CO 80010

1480 Lima Street, Aurora, CO, 80010
1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010 1480 Lima Street, Aurora, CO, 80010
FOR SALE
Property Type:
Strip Center
Amount:
$1,195,000
Last Verified:
Sep 12, 2024

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Highlights

  • Value Add Retail Building
  • Below market rents | Avg Rent $11.81 PSF
  • 50% of the building is on short term leases
  • Grandfathered automotive use.
  • Ingress Egress on both Lima Street and Macon Street
  • In the path of development
  • Close proximity to Anschutz Fitzsimons Medical Campus

Description

1480 Lima Street is a 5,800 SF retail building located in Aurora, Colorado. Constructed in 1977, this property offers investors an amazing value-add investment opportunity. Zoned OA-G, the property's versatile layout and expansive space cater to a diverse set of uses. Currently featuring below-market rents averaging $11.81 PSF, the building presents a prime chance for yield enhancement. Additionally, its strategic location in the path of development and close proximity to the Anschutz Fitzsimons Medical Campus ensures long-term growth potential.

Discover the vibrant community surrounding the location in Aurora, CO. The area boasts a dynamic mix of businesses, restaurants, and entertainment options, providing a lively and engaging work environment. Nearby points of interest include the Stanley Marketplace, a bustling urban market with local retailers and eateries, perfect for business lunches or after-work socializing. Just a short drive away, residents and employees can enjoy the tranquility of the Aurora Reservoir, offering a variety of outdoor recreational activities. With its convenient access to major transportation routes and a thriving commercial landscape, the location offers an ideal setting for a modern office or office building.


Year Built: 1977
Building Size: 5800sq ft
Lot Size: 0.45 acres


Documents

1480 Lima Street - Marketing Brochure

Map of 1480 Lima Street, Aurora, CO, 80010

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.