For Sale
$2,500,000

990 Lincoln StDenver, CO 80203

Prime Denver location, 7,419 SF, multi-tenant retail.

Overview

Added:
Dec 11, 2024
Days on market:
116
This 7,419 square foot multi-tenant retail shopping center presents a compelling value-add investment opportunity in Denver's Golden Triangle neighborhood. Located at the high-traffic intersection of Lincoln Street and E 10th Avenue (36,000 vehicles per day), this property boasts excellent visibility and accessibility. Currently 61% occupied by three long-term service tenants (Dependable Cleaners, High Level Health, and Pizza & Grill), the property offers significant upside potential through lease-up of vacant spaces and potential rent increases. The property includes 20 parking spaces and benefits from a strong surrounding demographic profile, with average household incomes exceeding $109,000. Nearby amenities include popular restaurants like Torchy's Tacos and 7-Eleven, along with numerous multifamily residential units. Its proximity to Union Station (2.0 miles) and Cherry Creek (2.6 miles) further enhances its desirability. Built in 1960, this NNN-leased shopping center is priced at $2,500,000 ($336.97 per square foot). The property's size and location offer significant potential for future development. This is a rare opportunity to acquire a well-located retail asset with substantial upside in a thriving Denver market.

Property Details for 990 Lincoln St

Property type
Lifestyle centers, Power centers
Square Feet
7,419 SF
Year Built
1960

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.731749411701
Longitude
-104.98596096229
990 Lincoln St, Denver, Colorado

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990 Lincoln St
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