***THIS PROPERTY MUST BE SOLD WITH 3358 NAVAJO ST.***
ASKING PRICE IS FOR BOTH PARCELS
BOTH PROPERTIES - 2 Lots for sale located directly on the corner of N Navajo St. & W 34th Ave in the Denver Highlands. Combined lot size allows for 2+ units to be built on this beautiful corner in the center of one of Denver's hottest neighborhoods. Current Net Operating Income totals $69,019 giving this property a 3.97% CAP rate, allowing a stable cash flow while going through entitlements and planning with the city. Properties of this size and location do not trade hands often, do not miss your chance to plant a flag in one of the fastest growing neighborhoods in the country!
3360 N NAVAJO - This well performing bar has been a staple to the Denver Highlands neighborhood for some time now. With 4 years remaining on the lease and a current NOI of $42,984, this property has the ability to cash flow while bringing development plans through the city. This corner unit also has a zoning permit to operate a bar in one of the most trafficked corners of the Highlands - Navajo St. & W 34th Ave. This could allow for a new bar use (Walk in cooler included in sale), as well as all the building possibilities the current zoning allows with this lot size - Duplex, Urban house, Tandem House, and potentially rowhomes and other design possibilities
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