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Denver developer acquires site at 501 S. Federal for $1.58M

Denver County

Property Location: 501 S. Federal Blvd., Denver

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Property Description: 4,854-sf, 8-bay car wash, YOC 1980, masonry

Land Size: 25,718 sf

Sales Price: $1.58M, or $61.24 psf

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Reception No.: 2018052568

Closing Date: 5/3

Grantor: John Nguyen LLC, 303-359-7658

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Grantee: LS Partners LLC, Darwin Horan, mgr., 303-246-4574

Financing: $562,500 payable to Redstone Bank

Comments: Listed by owner/agent, 303-359-7658. Property is zoned E-MX3. The car wash has 8 self-service bays, 5 island vacuum stations with 10 vacuums, and a maintenance and office room. In the short term, this property will be used as a car wash.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.