For Sale
$1,556,000

2345 Federal BlvdDenver, CO 80219

Denver Medical Office: Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
Lincoln Center, located at 2345 S Federal Blvd, Denver, CO 80219, presents a compelling value-add investment opportunity. This single-story, 13,002 square foot medical office building sits on a 39,836 square foot lot and is currently 50% occupied with five tenants across eleven units. The asking price is $1,556,000, translating to $119.67 per square foot. The building is zoned B3 and offers ample parking, with 34 spaces per 1,000 square feet. The property provides a stable income stream from existing tenants, with potential for increased revenue through lease renewals and rent bumps, which are permitted. The building's versatile layout is well-suited for various medical practices, offering significant potential for growth. The current occupancy rate is projected to continue until January 6, 2025. This property represents a strong investment opportunity in a desirable Denver location, combining stable income with significant upside potential. The building's substantial lot size also offers potential for future expansion or redevelopment. This is an exceptional opportunity for investors seeking a well-maintained, income-generating asset in a thriving market.

Highlights

  • Lincoln Center, 2345 S Federal Blvd, Denver, CO 80219: Value-add medical office building investment opportunity.
  • Single-story, 13,002 SF building on a 39,836 SF lot.
  • Currently 50% occupied with five tenants across eleven units; asking price: $1,556,000 ($119.67/SF).
  • B3 zoning, ample parking (34 spaces per 1,000 SF), stable income stream with lease renewal and rent bump potential.
  • Versatile layout suitable for various medical practices; projected 50% occupancy until January 6, 2025.

Property Details for 2345 Federal Blvd

Property type
Office properties, Medical offices
Square Feet
13,002 SF
Buildings
1
Stories
1
Units
11

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.673849
Longitude
-105.0261873
2345 Federal Blvd, Denver, Colorado

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2345 Federal Blvd
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