450 W Jefferson Ave
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450 W Jefferson Ave
2,208 SF Office Building Englewood, CO 80110 $575,000 ($260/SF) 4.40% Cap Rate
Investment Highlights
- Corner lot offers easy access and drive-by visibility
- Huge parking lot
- Fantastic location at the edge of a residential neighborhood, with walking distance to shops, public transportation, downtown Englewood
- Outstanding investment opportunity in Englewood with multiple options
Executive Summary
Outstanding investment opportunity in Englewood with multiple options. Residential home currently used as a commercial building on a DOUBLE LOT, with long-term month-to-month established tenant. Corner lot offers easy access and drive-by visibility. Huge parking lot. RARE Mixed Use MU-R-3-B zoning. Can also be converted back to single family home, OR a multi-unit residential rental property. Building has been a business for many years, but was previously a residence, with the possibility of a kitchen and bathroom on each floor. The main floor has 2 large offices (or bedrooms), a full kitchen, large lobby area, and 1/2 bathroom. The lower level has a separate exterior entrance in the back, 5 office spaces (or conforming bedrooms) and a 1/2 bathroom. Separate heating/coolings for each floor. Fantastic location at the edge of a residential neighborhood, with walking distance to shops, public transportation, downtown Englewood.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,208 SF
Building Class
B
Year Built
1955
Price
$575,000
Price Per SF
$260
Cap Rate
4.40%
NOI
$25,300
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,104 SF
Building FAR
0.35
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
MU-R-3-B - RARE Mixed Use MU-R-3-B zoning. Can also be converted back to single family home, OR a multi-unit residential rental property, or Office.
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Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 2077-03-2-16-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $67,094 |
PROPERTY TAXES
Parcel Number
2077-03-2-16-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$67,094
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450 W Jefferson Ave
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