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1480-1488 Lima St

5,800 SF 100% Leased Retail Building Aurora, CO 80010 $1,050,000 ($181.03/SF) 5.05% Cap Rate

Mixed Use Properties Colorado Aurora 1480-1488 Lima St, Aurora, CO 80010

INVESTMENT HIGHLIGHTS

  • Value Add Retail Building
  • 50% of the building is on short term leases
  • Masonry Building with Twin T Rood
  • Below market rents | Avg Rent $11.81 PSF
  • Grandfathered automotive use.
  • In the path of development

EXECUTIVE SUMMARY

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.

ATTACHMENTS

1480 Lima Street - Marketing Brochure 2.27

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,800 SF
Building Class
C
Year Built
1977
Price
$1,050,000
Price Per SF
$181.03
Cap Rate
5.05%
NOI
$53,042
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.45 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
OA-G
Parking
30 Spaces (5.17 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Lowe's Supermarket
Planet Fitness
U.S. Bank
Rent-A-Center
Bank of Montreal
King Soopers
Starbucks
Dazbog Coffee
KeyBank

PROPERTY TAXES

Parcel Number 1973-02-1-18-001 Improvements Assessment $0
Land Assessment $0 Total Assessment $190,836

PROPERTY TAXES

Parcel Number
1973-02-1-18-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$190,836
(610) 836-2156

CONTACTS

  • Listing ID: 34964970

  • Date on Market: 2/27/2025

  • Last Updated:

  • Address: 1480-1488 Lima St, Aurora, CO 80010

More public record information on 1480-1488 Lima St, Aurora, CO 80010

The Delmar Parkway Retail Property at 1480-1488 Lima St, Aurora, CO 80010 is currently available. Contact Unique Properties, Inc. for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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1480-1488 Lima St
(610) 836-2156 x

1480-1488 Lima St

1/2

Justin Herman

(610) 836-2156

(610) 836-2156

Marc Lippitt

(303) 905-5888

(303) 905-5888

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