current 8% cap pro forma /big money redevelop

$665,000

6586 South Broadway, Centennial, CO 80121

For Sale

Mixed Use Residential/Retail

Active

Last Updated: 03/29/2022

Details:

Pro Forma Cap Rate : 8%

Building Size: 2,050 sqft

Lot Area: 27,800 sqft

Occupancy: 100%

Class: C

Units: 2

Lease Type: Modified Gross

Year Built: 1959

Zoning: AC

Floors: 3

Gross Leaseable Area: 2,050

Roof: composite , newer

Offered by Broker

Kenneth Davidson

Kenny Davidson Real Estate

#004579

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Description:

This mixed use property has 100 ft frontage on the very busy S Broadway. Lighted signage is viewed by 38,000+ VPD. Currently an owner /user property with a 3 bd 2 bath residence upstairs and a business use (flower shop) on lower level. Residential unit could lease for $2500 to $3000 a month.
The business unit could lease for $1500 to $1900 a month.
City of Centennial will support redevelopment at this site up to 3 stories. Big money!!!

Very unique and highly desired unit!! Have finance options available , owner will consider a short owner carry. Call now for marketing brochure.