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403 16th St 11,335 SF Office/Retail Condo Unit Offered at $3,500,000 in Denver, CO 80202
EXECUTIVE SUMMARY
The prime retail condo located at 403 16th Street, Denver, CO, offers an exceptional investment opportunity. Situated on the iconic 16th Street Mall, this property benefits from high foot traffic, excellent visibility, and easy access to public transportation. With a strong tenant base, including a national credit salon suite company and a local engineering firm, this investment provides a stable and reliable income stream. The property's competitive cap rate of 9.5% makes it an attractive option for investors seeking a profitable return on their investment.
PROPERTY FACTS
| Total Building Size | 46,390 SF | Typical Floor Size | 12,500 SF |
| Property Type | Office (Condo) | Year Built | 1981 |
| Building Class | C | Lot Size | 0.29 AC |
| Floors | 3 | ||
| Zoning | B-5, Denver | ||
| Total Building Size | 46,390 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 12,500 SF |
| Year Built | 1981 |
| Lot Size | 0.29 AC |
| Zoning | B-5, Denver |
AMENITIES
- Property Manager on Site
- Restaurant
- Signage
1 UNIT AVAILABLE
Unit 300
| Unit Size | 11,335 SF | Sale Type | Investment |
| Price | $3,500,000 | Cap Rate | 9.50% |
| Price Per SF | $308.78 | NOI | $332,500 |
| Condo Use | Office/Retail | Sale Conditions | Build to Suit |
| Unit Size | 11,335 SF |
| Price | $3,500,000 |
| Price Per SF | $308.78 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| NOI | $332,500 |
| Sale Conditions | Build to Suit |
DESCRIPTION
The prime retail condo located at 403 16th Street, Denver, CO, offers an exceptional investment opportunity. Situated on the iconic 16th Street., this property benefits from high foot traffic, excellent visibility, and easy access to public transportation. With a strong tenant base, including a national credit salon suite company and a local engineering firm, this investment provides a stable and reliable income stream. The property's competitive cap rate of 9.5% makes it an attractive option for investors seeking a profitable return on their investment.
SALE NOTES
The prime retail condo located at 403 16th Street, Denver, CO, offers an exceptional investment opportunity. Situated on the iconic 16th Street.
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Salon Lofts |
-
|
Jan 0000
|
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403 16th St
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