3401 S Lincoln Street Englewood, CO $ 5,245,000
3401 S Lincoln Street
$ 5,245,000
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3401 S Lincoln Street

Englewood, CO, 80113
$ 5,245,000
Baths0.0 Sq 30,613

Monthly Estimate*

$ 36,638

Listed by Kaufman Hagan
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Studio

Commercial Property for sale in Englewood, CO

for $5,245,000. This 30,613 square foot building was built in 1946 on a lot size of 0.49.

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

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Commercial Active

Price

$ 5,245,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,664

Style

Lot Size

0.49

Year Built

1946

Town/City

Englewood

County/Region

Arapahoe

MLS | Web ID

2206068

Features
General
Sewer Public Sewer
Roof Other
Zoning MU-B-1
Garage Spaces 0
Construction Materials Brick
Exclusions Any and all private property.
Year Built 1946
Stories 2
Property SubType Multi-Family
Tax Year 2022
Current Use Commercial Multi-Family Retail
Gross Income 463836
County Arapahoe
Operating Expense 152471
Property Type Commercial Sale
Attached Garage N
Status Active
City Englewood
Buyer Agent Compensation 1.5
Total Units 29
Lot Size Square Feet 21345
Carport Spaces 0
Street Name Lincoln
Listing Terms Cash Conventional
Tax Annual Amount 15664
Standard Status Active
Cap Rate 5.94
Buyer Agent Compensation Type %
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Exterior
Lot Features Corner Lot
Total Parking 6
Lot Size Area 21345
Building Area Total 30613
Lot Size Acres 0.49
Lot Size Units Square Feet
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Interior
Street Suffix Street
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Internal Only
Street Number 1 3401
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* Excluded Features
List By
Kaufman Hagan

Broker

(303) 990-4361

Phone

Affordability Calculator

$37,943
Per Month
97%
3%
0%
Monthly Principal & Interest
$36,638
Monthly Property Taxes
$1,305
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/15/2024$5,245,000 -2.78% Price Down
11/30/2023$5,395,000 Listed Price

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3401 S Lincoln Street, Englewood, CO, 80113 is a Commercial Property for sale at $5,245,000 with 30,613 sqft and a lot size of 0.49. 3401 S Lincoln Street is a studio with 0.0 baths and was built in 1946. The property's zip code is 80113 which is in Englewood, CO