Rare Opportunity to Acquire 2 Deeded Parcels as 1
Immediate Cash Flow & Development Upside | 6.00% CAP
Marketing description
Rare opportunity to acquire two deeded parcels as one, combining prime mixed-use development potential with immediate rental income. The commercial building at 2454 Federal (1,881 sq.ft.) is roughed-in with new electrical and AV wiring, new HVAC, flat roof just 5 years old, 3-phase power, and plumbing rough-ins for two restrooms. Projected rent: $5,000/month.
The attached residential property at 2442 Federal (1,240 sq.ft.) is a classic 3-bedroom, 1-bath home with updated furnace and water heater, wood floors under carpet, a front porch and a back deck. Off-street parking for up to 2 cars. Current rent: $2,500/month.
This property offers a rare blend of immediate cash flow and development upside in one of Denver’s most sought-after mixed-use corridors.
Investment highlights
- Combined land value ~5,800 sq.ft., ~$175–$200/sq.ft.
- Building/improvement value: ~$170–$200/sq.ft.
- Total combined value per land sq.ft.: ~$266–$308
- Total value per building sq.ft.: ~$495–$572
- High-demand location: 1 block from the only supermarket within 2+ miles - ~ 35k cars passing everyday
- Strong mixed-use zoning (G-MX-3) allows for future redevelopment or continued income generation
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