5056 Federal BlvdDenver, CO 80221

Property Details for 5056 Federal Blvd

Year built

1949

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,314,966

  6.5%

  $1,213,814

  7%

  $1,127,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,477,485

  Geo Method

  $779,510

• Alternative Use

  Use

  Valuation

  Residential

  $1,023,898

  Hospitality

  $937,885

  Educational

  $780,309

  Medical

  $807,145

  Retail

  $1,213,814

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7884

Longitude

-105.025

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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