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Commercial

5595 Federal Boulevard

5595 Federal Blvd, Denver, CO 80221

Listing Price: $2,500,000

Lot Size
1.48 acres
Price/Acre
$1,689,189
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to announce the offering of 5595 Federal Boulevard, a 1.48 Acre redevelopment parcel located between I-70 and I-76 on Federal Boulevard, at a signalized intersection. This site makes for a fantastic redevelopment opportunity given the proximity to Downtown Denver and located right off the heavily traveled I-76 and Federal Boulevard exit and less than a mile north of the I-70 exit. The recommended use for a redevelopment would be to scrape the existing structures and build a gas station on the site. There are currently no gas stations in the immediate vicinity, however Maverik has recently acquired land right across the street. The area is also experiencing a tremendous amount of development near Regis University, including several multifamily and condo projects. The Clear Creek/Federal Light rail station is also less than 2 miles to the north. 5595 Federal Boulevard is approximately 1.48 Acres (64,469 Square Feet) in size and is zoned for gas station use by right. The site is in an exceptional location, located directly south of I-76 and on the west side of Federal Boulevard, so it will capture the driver’s attention immediately after getting off the Federal Boulevard exit. The existing structures on the site consists of a multi-tenant office warehouse, a restaurant, and a single-family house. These properties are currently generating a combined Net Income of $114,152, allowing a developer to still receive income during the planning and approval stages. All the tenants are operating month-to-month, which gives a new buyer more flexibility with the timing of the tenant’s departures. In a 3-mile radius, the population is estimated to be 136,051, medium household income of $75,799, and an expected 7.52% population growth rate over the next 5 years. 10 |

Investment Highlights

  • 1.48 Acre Prime Redevelopment Site
  • Zoned for Gas Stations as a Use by Right
  • Fantastic Location Right off the I-76 & Federal Boulevard Exit
  • Less than a mile north of the I-70 & Federal Boulevard Exit and Regis University
  • Located on the Southwest Side of the Exit, Towards Downtown Denver
  • $114,152 Current NOI From Existing Structures on Site
  • Month-To-Month Tenancy Allows for Flexibility with Tenants Departures
  • Strong Surrounding Demographics

Exclusively Listed By

Financing By

Commercial

5595 Federal Boulevard

Listing Price: $2,500,000

Lot Size
1.48 acres
Price/Acre
$1,689,189
Land Type
Redevelopment

Investment Highlights

  • 1.48 Acre Prime Redevelopment Site
  • Zoned for Gas Stations as a Use by Right
  • Fantastic Location Right off the I-76 & Federal Boulevard Exit
  • Less than a mile north of the I-70 & Federal Boulevard Exit and Regis University
  • Located on the Southwest Side of the Exit, Towards Downtown Denver
  • $114,152 Current NOI From Existing Structures on Site
  • Month-To-Month Tenancy Allows for Flexibility with Tenants Departures
  • Strong Surrounding Demographics

Investment Overview

Marcus & Millichap is pleased to announce the offering of 5595 Federal Boulevard, a 1.48 Acre redevelopment parcel located between I-70 and I-76 on Federal Boulevard, at a signalized intersection. This site makes for a fantastic redevelopment opportunity given the proximity to Downtown Denver and located right off the heavily traveled I-76 and Federal Boulevard exit and less than a mile north of the I-70 exit. The recommended use for a redevelopment would be to scrape the existing structures and build a gas station on the site. There are currently no gas stations in the immediate vicinity, however Maverik has recently acquired land right across the street. The area is also experiencing a tremendous amount of development near Regis University, including several multifamily and condo projects. The Clear Creek/Federal Light rail station is also less than 2 miles to the north. 5595 Federal Boulevard is approximately 1.48 Acres (64,469 Square Feet) in size and is zoned for gas station use by right. The site is in an exceptional location, located directly south of I-76 and on the west side of Federal Boulevard, so it will capture the driver’s attention immediately after getting off the Federal Boulevard exit. The existing structures on the site consists of a multi-tenant office warehouse, a restaurant, and a single-family house. These properties are currently generating a combined Net Income of $114,152, allowing a developer to still receive income during the planning and approval stages. All the tenants are operating month-to-month, which gives a new buyer more flexibility with the timing of the tenant’s departures. In a 3-mile radius, the population is estimated to be 136,051, medium household income of $75,799, and an expected 7.52% population growth rate over the next 5 years. 10 |

Exclusively Listed By

Financing By

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