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6231 Federal Blvd
Denver, CO 80221
North Valley Motel · Hospitality Property For Sale
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22 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 22 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built | 1954 |
| Lot Size | 0.63 AC | Parking Ratio | 0.76/1,000 SF |
| Building Size | 36,850 SF | Corridor | Exterior |
| Zoning | C-5 - C-5 ZONING OPPORTUNITY ZONE | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 36,850 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.76/1,000 SF |
| Corridor | Exterior |
| Zoning | C-5 - C-5 ZONING OPPORTUNITY ZONE |
ABOUT 6231 FEDERAL BLVD , DENVER, CO 80221
Anticipated 2019 NOI is expected to produce a 10%+ cap rate based on the current asking price. With the property currently producing income there are multiple options for the future buyer. Operate the business in its current state for some of the best returns in Denver, renovate the units as long-term rentals to boost value overnight or redevelop the site (adjacent vacant lot available; 37k total sqft). Current zoning is C-5 and walkable to the local light rail station. Added bonus: the property is located within an OPPORTUNITY ZONE.
PROPERTY TAXES
| Parcel Number | 1825-08-2-04-007 | Improvements Assessment | $121,200 |
| Land Assessment | $13,800 | Total Assessment | $135,000 |
PROPERTY TAXES
