350 S Garfield St
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350 S Garfield St
4,546 SF Vacant Retail Building Denver, CO 80209 $1,600,000 ($352/SF) 5% Cap Rate
Investment Highlights
- Cherry Creek Neighborhood
- recently remodeled
- Tons of residents nearby
Executive Summary
Here’s your chance for ownership in the highly desired neighborhood of Cherry Creek. Over 4,500 square feet of office space creates an opportunity for multiple tenants; let your tenants help pay your mortgage or choose to occupy the entire space yourself. Offers tons of parking with 12 spots already on the lot and an additional 15 available to lease if needed. This property can be financed with only 10% down and attractive rates!
The area is very walkable, with tons of shopping and restaurants only a few minutes away. Very flexible zoning allows mixed use commercial/residential and up to 12 stories! Don’t miss your golden opportunity to own a piece of one of the most desired areas in Denver.
A new 5-year lease signed for building A with a well-known salon!
The area is very walkable, with tons of shopping and restaurants only a few minutes away. Very flexible zoning allows mixed use commercial/residential and up to 12 stories! Don’t miss your golden opportunity to own a piece of one of the most desired areas in Denver.
A new 5-year lease signed for building A with a well-known salon!
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,546 SF
Building Class
C
Year Built
1970
Price
$1,600,000
Price Per SF
$352
Cap Rate
5%
NOI
$80,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.75
Lot Size
0.14 AC
Zoning
S-MX-12 - Highly desired S-MX-12 that allows for mixed use up to 12 stories high.
Parking
20 Spaces (4.4 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Individual offices downstairs at $500/month
| Space | Size | Space Use | Position | Available |
| B | 312-2,273 SF | Office/Retail | - | Now |
B
| Size |
| 312-2,273 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
B
| Size | 312-2,273 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Individual offices downstairs at $500/month
Walk Score ®
Very Walkable (80)
Bike Score ®
Biker's Paradise (95)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5131-03-007 | Improvements Assessment | $86,990 |
| Land Assessment | $305,510 | Total Assessment | $392,500 |
PROPERTY TAXES
Parcel Number
5131-03-007
Land Assessment
$305,510
Improvements Assessment
$86,990
Total Assessment
$392,500
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350 S Garfield St
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