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2 South Galapago Street
Denver, CO 80223
Asking Price
$1.20M
Asset Type
Flex Industrial
Class
Class B
What's Special
Industrial | 2,240 SqFt <p>A 0.29-acre infill lot in Denver’s Baker neighborhood, two blocks off the Santa Fe Arts District and a short walk to the shops and restaurants along Broadway. The 12,497 SF site carries I-MX-5 zoning, which allows mixed-use construction up to five stories, so a developer has real room to build. The existing 2,240 SF warehouse, built in 1950, gives you a building to occupy or rent while you plan the next move. A redevelopment project is already underway on the same block, a clear sign of where
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NOI
$80,000
Cap Rate
6.69%
DSCR
1.13
Tight
Cash-on-Cash
2.53%
Monthly Payment
$5,912.208
Annual Cash Flow
$9,053.504
