This unique 2 story building offers a mix of retail and office use. Current tenants include an ice cream shop, massage studio, nail salon, liquor store, insurance company, and is currently 93% occupied, leaving one unit left for lease. The current average lease rate is $14.70/ft…Market rate is between $16-$25/ft leaving room to increase cash flow.
Sitting next to Interstate 36 (minutes to Boulder and Denver,) this allows investors the opportunity to re-develop at any time in the future. This property is zoned B-1, allowing for almost all retail and office uses and zoning goes up to 65ft high.
Along with value-add potential, the owner is willing to add a 9,600sf land parcel sitting(adjacently) behind the property. It is currently paved and used as parking. This parcel is zoned C-1, leaving investors with a variety of commercial development options.
To schedule a showing contact Beau Hershberger at Hoff & Leigh Denver.
- Centrally Located
- Monument Signage
- B-1 Zoning
- Located on Federal Blvd & 80th Ave