5056 Federal Blvd Denver, CO 80221-1140
- Retail space
- 3,744 SF
- 0.14 lot acres
Mar 25, 2021
Current Use by Public Records
- Savvy B Studio & Collective / Hair Salon
- Allstate Enterprises,LLC / Roofing Contractor
Property Details for 5056 Federal Blvd
- Year built
- 1949
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Property size
- 3,744 SF
- Zone code
- E-CC-3X
- Property type
- Retail space
- APN
- 02174-09-003-000
- APU
- 217409003000
Description
This meticulously renovated 3,744 square foot retail building at 5056 Federal Blvd in Denver, Colorado, presents a fantastic opportunity. Built in 1949 and completely renovated in 2022, this single-tenant property boasts a stylish exterior, freshly painted by a local artist. Located in Denver County, zip code 80221, the building enjoys a prime position near Regis University, ensuring high visibility and foot traffic. The interior features polished concrete floors, three restrooms, and multiple treatment rooms, perfectly suited for a salon or similar retail business. Recent upgrades include a new roof, electrical system, and HVAC, minimizing maintenance concerns for the new owner. The property consists of a single, one-story building offering 3,744 square feet of usable space. This turnkey operation is ready for immediate occupancy, eliminating the need for extensive renovations or upgrades. Its convenient location and modern amenities make it an exceptional investment opportunity in a thriving Denver neighborhood. The property's excellent condition and desirable features make it an attractive proposition for discerning buyers seeking a profitable retail venture. This is a rare chance to acquire a fully updated, high-traffic retail space in a sought-after Denver location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $710,000
- ML approach
- $690,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $855,000
- 6.5%
- $790,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $550,000
Market price range: $208k - $710k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,205,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,215,000 Change: +1% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,210,000 Change: +1% Conversion: Easy
- MEDICAL BUILDING
- $1,135,000 Change: -6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.025
- Latitude
- 39.7884
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA