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Listing Source
With courtesy of GRACE MANAGEMENT & INVEST. Posted by REcolorado (Denver)
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ('IDX') program of RECOLORADO®, Real estate listings held by brokers other than RE/MAX Professionals are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
3002 W 23rd Avenue
Denver, CO 80211
— Denver
County
Commercial Sale$1,500,000Active Listing# 5766085
5836.00 sqft
Lot size: 10385.00 sqft
0.24 acres
1926 build
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 5.85% 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.