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Key Details
Sold Price $1,210,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,665 sqft
Price per Sqft $259
MLS Listing ID 5766085
Sold Date 07/11/25
HOA Y/N No
Year Built 1926
Annual Tax Amount $22,450
Tax Year 2023
Lot Size 10,385 Sqft
Acres 0.24
Property Sub-Type Retail
Source recolorado
Property Description
Back on market with price improvement
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 6% 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.
Location
State CO
County Denver
Zoning G-MX-3
Interior
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available
Roof Type Wood
Total Parking Spaces 12
Garage No
Building
Lot Description Corner Lot, Historical District, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with HomeSmart Realty