Keenan Coit - Coldwell Banker Distinctive Properties
155 Federal Boulevard
Denver, CO 80219

Description

Investment Opportunity with a huge return! Commercial property on Federal that is leased by a reputable and seasoned marijuana operator! Look at the numbers and the cap rate! This 979 Sq. Ft. building has had a lot of updating and has ample parking! Great traffic and signage on Federal Blvd! This is an "as is" sale and will have to be a cash purchase. The current lease is at $5300 per month and runs through September of 2019 with a tenant option to renew the lease for 2 additional 3 year terms with escalating rent. Please contact listing agent with other questions. Absolutely no showings until an offer is accepted! Please do not disturb tenants business!

Details

MLS#4101111
StyleRetail
Sub-TypeResale
StatusActive
Year1910
Days On Site22

Features

SQ Feet1,129
Story(s)1
Units1
ZoningE-MX-3

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80219
AreaDenver
Listing VS Median (in 80219)
Price:
$399,900
low | high
Med:
$337,000
65.728932233058% of Average
SqFt:
1,129
low | high
Med:
1,371
28.609388839681% of Average
$ / SqFt:
$354
low | high
Med:
$270
73.857073520253% of Average
On Site:
22
low | high
Med:
60
36.666666666667% of Average
Listing Updated: 09/22/2018
MLS Number: 4101111
Listing Provided By:
Evan Noyes  of  MB MARKET MASTERS REAL ESTATE
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