9495 W 49th Avenue, Wheat Ridge, CO 80033

$2,000,000
Sold Price
$2,000,000
List Price
$3,200,000

Property Description

9495 and 9515 West 49th Avenue for sale as a package. These two side-by-side wood frame residential-style commercial group homes were constructed originally as Beehive Homes-the former Verandas Wheat Ridge assisted living facilities, licensed until recently for 16 beds each or 32 beds total, configured with 11 units each laying out as 5 shared and 6 private rooms each. Each unit has a half-bath vanity and toilet, with two shared shower-bathing rooms and a laundry. There are a total of 11 half-baths and 2 full bathrooms. 9495 W 49th retains the original 2-car attached garage, while the garage for 9515 W 49th was converted into a large activities room. Both buildings share a secured, fenced courtyard and a 32,500 square foot lot so they could be good for dementia-Alzheimers residents. The roofs were both replaced in 2017. The exteriors of both buildings have been well-maintained. The interior of 9515 was updated in recent years, but the interior of 9495 has not been updated recently. R-C Restricted Commercial zoning through Wheat Ridge. Could potentially be a residential group home or residential recovery home based on the design, layout, and zoning. Medical office use is also allowed. A good location and modern design of side-by-side assisted living facilities are also suitable as a group home. The sellers are selling because their tenant-operator lost their license due to operational issues. New buyers could resume assisted living facility use with new CDPHE license or start an alternative use such as a group home (9+) per Wheat Ridge Zoning (verify independently).

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Courtesy of Engel & Volkers Denver . 720-692-6563

Selling Office: Engel & Volkers Denver.

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