1085 Federal Blvd Denver, CO 80219
- Neighborhood centers
- 451 SF
Current Use by Public Records
- Neighborhood centers
Property Details for 1085 Federal Blvd
- Year built
- 1947
- Property size
- 451 SF
- Property type
- Neighborhood centers
Description
This exceptional investment opportunity presents a three-unit retail strip center located at 1085, 1087, 1089, & 1091 S. Federal Blvd in Denver, Colorado, 80219. The property boasts a total of 1,989 square feet across three buildings, built in 1947 and renovated in 2019, situated on lots totaling between 600 and 3,290 square feet. The property features ample parking with 1,085 spaces. The asking price is $1,270,000, offering a compelling 6.40% capitalization rate with a pro-forma NOI of $81,282.48. Individual unit sizes range from 451 to 1,032 square feet. The property is zoned E-XM-3. Leases are NNN (Net, Net, Net) with multiple tenants. Lease terms vary, with current leases expiring between 2025 and 2028, and include a 7% annual rent increase. Property taxes for 2021 and 2023 are documented for individual units and the parking lot. This well-maintained property offers a strong return on investment with established tenants and a prime location in Denver. The property's history of successful tenancy and consistent rental income makes it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a multi-tenant retail property in a thriving Denver market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.025477
- Latitude
- 39.6970901
