Property Details

TITLE:
8,600 SF Office Bldg on ~1/2 Ac, Adjacent Light Rail Station
CONTROL:
Exclusive
VALUE:
$1,296,000
LOAN:
$650,000
EQUITY:
$646,000
TYPE:
Office Building
HAVE:
Renovated 8,600 SF Office Building on 20,497 SF parcel adjacent RTD-Wadsworth Light Rail Station, West line. Great location in Opportunity Zone and W. Colfax Reinvestment Area (Urban Renewal). Upside: M-C-T zoning (TOD) for multi-family, up to 8 stories
WEBSITE URL:
ADDRESS:
7400 W 14th Ave, Denver, Colorado
BENEFITS TO NEW OWNER:
Prime investment/location for many uses. Ready for occupancy. Flexible TOD zoning allows redevelopment to 8-story multi-family units - tax credits/incentives available in Urban Renewal & Opportunity Zone.
Main exterior 7400
Images: [1] [2] [3] [4] [5] [6] [7] [8] [9]
OTHER FILES:
GROSS SCHEDULED INCOME:
$137,000 Projected
VACANCY LOSS:
$6,900
GROSS EFFECTIVE INCOME:
$130,100
EXPENSES:
$47,000
NOI:
$83,100
DEBT SERVICE:
$0
CASH FLOW:
$83,100
CAP RATE:
6.41%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$650,000
$0
0%
12/31/1969
No
BENEFITS SOUGHT:
Seller may take paper in trade or residential property with path to cash
CAN ADD:
Possible seller-carry financing.
COUNSELOR:
Gail Hamilton, CCIM
Commercial Advisors, LLC
PO Box 40123
Denver, , 80204
Phone: 303-898-4245