2228 S Colorado Blvd
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2228 S Colorado Blvd
12,450 SF Retail Building Denver, CO 80222 $6,600,000 ($530/SF) 5.56% Cap Rate
Executive Summary
This Colorado Blvd corridor has been one of the most thriving development corridors in the entire state. It connects some of Denver's most desired neighborhoods: Denver Country Club, Hilltop, Bonnie Brae, Cherry Creek, Washington Park, Observatory Park, Greenwood Village and Cherry Hills Village. It boasts some of the highest retail leases and some of the newest apartment, townhome and luxury single family homes constructed. This mixed use zoning at 5 stories is ideal for an apartment development with prime retail tenants with a Colorado Blvd address. It has a existing 3 year lease in place for a great covered land play opportunity.
Property Facts
Sale Type
Investment NNN
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,450 SF
Building Class
B
Year Built
1963
Price
$6,600,000
Price Per SF
$530
Cap Rate
5.56%
NOI
$367,056
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Land Acres
0.77 AC
Zoning
S-CC-5X
Parking
12 Spaces (0.96 Spaces per 1,000 SF Leased)
Frontage
135 FT on Colorado Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $61,970 | |
Land Assessment | $695,050 | Total Assessment | $757,020 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$695,050
Improvements Assessment
$61,970
Total Assessment
$757,020
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2228 S Colorado Blvd
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