5055 Kentucky AveDenver, CO 80246

Property Details for 5055 Kentucky Ave

Year built

1969

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

5,656 SF

Zone code

S-MX-3

Property type

Medical offices

Property subtype

Medical centers

APN

06184-12-005-000

APU

618412005000

Description

This exceptional 1,088-square-foot medical office suite is ideally located at 5055 E Kentucky Ave, Denver, CO 80246, within the desirable Cherry Creek, Glendale, Hilltop, Virginia Village submarket. Situated in a single-story, 5,500-square-foot building constructed in 1969 and extensively renovated in 2020, this suite boasts excellent natural light and high visibility. The space features a welcoming waiting room, a dedicated laboratory area, and a private office, perfect for a physician or medical professional. The property offers convenient on-site parking, a significant advantage in this vibrant area. The suite's 8-foot ceilings contribute to a spacious and comfortable atmosphere. While there is no elevator, the single-story building ensures easy accessibility. This single-tenant occupancy presents a unique opportunity for a medical practice seeking a well-maintained, conveniently located space with strong curb appeal. The property's location provides easy access to major thoroughfares and is near the intersection of E Kentucky Ave and Cherry Street. This turnkey medical office suite is ready for immediate occupancy. The property benefits from its location in a thriving Denver submarket known for its high concentration of medical facilities and strong patient demographics.

• CAP approach

  CAP return

  Valuation

  6%

  $1,213,697

  6.5%

  $1,120,336

  7%

  $1,040,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $467,299

  Geo Method

  $467,299

• Alternative Use

  Use

  Valuation

  Residential

  $1,389,217

  Hospitality

  $1,272,515

  Educational

  $1,058,718

  Medical

  $1,095,128

  Retail

  $1,646,894

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7005

Longitude

-104.928

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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