3002 W 23rd Avenue
Denver, CO 80211
4665 sqft | 0.24 acres | #5766085
Description
This property is in a busy location off of W. 23rd Ave and Federal Blvd. The property is currently 100% occupied with 4 tenant spaces- a bakery, an accountant, a salon. and a gym. There is a parking lot adjacent to the building with 12 spaces. The tenants have been there long-term and have room to grow the rents towards the current market rents. This property has an estimated CAP rate of 5.84% or better if rents are brought up to market. Leases are set to expire this year. One is expected at the end of August and the others by the end of December 2025. This building is located in the Witter-Cofield Historic Neighborhood.
Property Details
- Lot DescriptionCorner Lot, Historical District, Near Public Transit
- Utility FeaturesElectricity Available, Natural Gas Available
- Sewer InformationPublic Sewer
- Structure TypeStripCenter
- Original List Price$1,500,000
- Property TypePurchase
- Taxes Annual$22,450
- MLS #5766085
- Cost1425000
- MLS #5766085
- Utility SourcePublic
- CountyDenver
- Property SubtypeRetail
- Acres0.24
- Square Feet4665
- Year Built1926
Location
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Alexis Myers (#REC045460)
Listing Office: GRACE MANAGEMENT & INVEST. (#RECM0011)
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