2345 Federal BlvdDenver, CO 80219

Property Details for 2345 Federal Blvd

Year built

1964

Construction

STEEL FRAME

Lot size

0.92 AC

Property size (Sq ft)

12,980 SF

Zone code

B-3

Property type

Office buildings

APN

05293-00-022-000

APU

529300022000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,156,700

  6.5%

  $2,913,880

  7%

  $2,705,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,072,410

  Geo Method

  $1,072,410

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,117,340

  Retail / Commercial

  $3,062,440

  Mixed-Use / Specialty

  $2,992,810

  Hospitality / Lodging

  $2,119,290

  Institutional / Educational

  $3,090,330

  Residential Income

  $3,615,690

  Multifamily

  $4,661,940

  Automotive / Energy

  $2,648,850

  Parking / Income-Based Land

  $972,092

  Restaurant / Food Service

  $1,431,280

  Healthcare / Senior Housing

  $3,129,270

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.6739

Longitude

-105.026

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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