3002 W 23rd Avenue

Denver, CO 80211 — Denver County

Commercial Sale  $1,500,000  Active  Listing# 5766085  

5836.00 sqft    Lot size: 10385.00 sqft    0.24 acres    1926 build   

 



  Showing Request        
Updated: 01-09-2025 05:50pm

  Property 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 5.85% 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.

  Listing Details

Property Type 
Commercial Sale
Listing# 
5766085
Source 
REcolorado (Denver)
Last Updated 
01-09-2025 05:50pm
Status 
Active
Off Market Date 
11-30--0001 12:00am

  Property Details

Property Subtype 
Retail
Sold Price 
$1,500,000
Original Price 
$1,500,000
Location 
Denver, CO 80211
SqFT 
5836.00
Year Built 
1926
Acres 
0.24

  Map

  Property Level and Sizes

SqFt Lot 
10385.00
Lot Size 
0.24

  Financial Details

Previous Year Tax 
22450.00
Year Tax 
2023
Primary HOA Fees 
0.00

  Interior Details

Utilities  
Electricity Available, Natural Gas Available

  Exterior Details

Water  
Public
Sewer  
Public Sewer

  Garage & Parking

  Exterior Construction

Roof  
Wood
Construction Materials  
Brick, Concrete, Wood Frame

  Land Details

PPA 
0.00
Road Frontage Type 
Public
Road Responsibility 
Public Maintained Road
Road Surface Type 
Paved
Sewer Fee 
0.00

  Schools

  Walk Score®


 


  Contact Agent

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