Active
3401 S Lincoln Street
Englewood CO, 80113
$5,245,000
$171.33 per sqft
Active
30,613 sqft
Commercial
Built in 1946
Lincoln Terrace boasts an exceptional unit mix, featuring 25 multifamily units and 4 retail spaces. Located just blocks from Swedish Medical Center, Lincoln Terrace offers immediate cash flow with an attractive assumable loan (3.99% through 08/2027) as well as the potential for future development as it is located in an opportunity zone. With a dynamic mixed-use profile, this asset provides an enticing opportunity for NOI growth through raising rents to market rate and light cosmetic renovations. Furthermore, its proximity to the vibrant South Broadway retail and restaurant scene ensures a strong tenant base for both residents and retailers.
County: Arapahoe
Year Built: 1931-1951
# Buildings: 5
# Stories: 2
Construction: Brick
Roof Type: Pitched + Flat
Gross Building SF: 30,613
Lot Size: 21,345 SF
Parking: Off Street | 6 Spaces
Heating: Boilers
Water/Sewer: Master
Gas/Electric: Master
Zoning: MU-B-1 (Opportunity Zone)
Max Height: 100 Ft (Redevelopment)
* Phenomenal location just blocks from Swedish Medical Center and South Broadway
* Attractive assumable loan at 3.99% through 08/2027
* Multiple new boilers installed in 2020
* Exceptional unit mix, featuring 25 multifamily units and 4 retail spaces
2206068
MLSⓇ ID
November 29, 2023
Listed
March 21, 2024
Updated
Map
3401 S Lincoln Street
Englewood CO, 80113
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.49 Acres
Lot Features
Corner Lot
Roof
Other
Sewer
Public Sewer
Other Property Details
Taxes
$15,664
Tax Frequency
Annually
Garage
No
Parking Total
6
View
No
County
Arapahoe
Pool
No
Zoning
MU-B-1
Buyer Agency Compensation
1.5%
Listing History
Date | Event | Price |
|---|---|---|
1/15/2024 | Price Change | $5,245,000 -3% |
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