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500-508 E 13th Ave 5,985 SF 100% Leased Retail Building Denver, CO 80203 $2,895,000 ($483.71/SF) 6.54% Cap Rate
EXECUTIVE SUMMARY
NAI Shames Makovsky is pleased to present 1278 N Pennsylvania Street, Denver, CO 80203 for sale. The property is 100% leased under a NNN basis with minimal landlord responsibilities. It is leased to two tenants: The Pub on Penn and King's Smoke & Vape. This is rare retail investment opportunity in the heart of one of Denver’s most Vibrant neighborhoods, Capitol Hill. The property boasts fantastic visibility on the signalized, hard corner of 13th and Pennsylvania, an abundance of off street
parking, and great accessibility to major thoroughfares in Denver such as Broadway, Colfax, and Speer Blvd. This opportunity is a great option for investors in a 1031 exchange or those looking for a rare, stabilized, investment opportunity in Denver.
*Contact broker for rent roll and more information
parking, and great accessibility to major thoroughfares in Denver such as Broadway, Colfax, and Speer Blvd. This opportunity is a great option for investors in a 1031 exchange or those looking for a rare, stabilized, investment opportunity in Denver.
*Contact broker for rent roll and more information
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,985 SF
Building Class
C
Year Built
1923
Price
$2,895,000
Price Per SF
$483.71
Cap Rate
6.54%
NOI
$189,270
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.21 AC
Zoning
G-MS-5 - Commercial
Parking
10 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (71)
Bike Score®
Biker's Paradise (98)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5031-13-001 | Improvements Assessment | $204,230 |
| Land Assessment | $258,410 | Total Assessment | $462,640 |
PROPERTY TAXES
Parcel Number
5031-13-001
Land Assessment
$258,410
Improvements Assessment
$204,230
Total Assessment
$462,640
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500-508 E 13th Ave
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