340 Maple Street
Frederick, CO 80530
4442 sqft | 0.79 acres | #2480909
Description
Exceptional investment opportunity in the heart of Downtown Frederick! This fully leased commercial property is currently operating as a daycare with a 3-year lease in place through March 2029. Annual rental income increases from $109,800 in Year 1 to $126,000 in Year 3. Estimated Year 1 NOI is $90,800, offering a solid 7.26% cap rate and projected 3-year average cap rate of 7.95%. The tenant pays all utilities and exterior maintenance, with the owner only covering taxes and building insurance (~$19,000/year). Over $300K in recent renovations, including a permitted addition, have been completed. While currently set up for childcare use, the layout also supports future office or professional service tenancy. Strong cash flow today with long-term rental upside and use flexibility tomorrow.
Property Details
- Utility FeaturesCable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available, Phone Connected, Sewer
- Property SubtypeSpecial Purpose
- Structure TypeFree Standing
- Sewer InformationPublic Sewer
- Original List Price$1,250,000
- Property TypePurchase
- Taxes Annual$16,057
- MLS #2480909
- Cost1250000
- MLS #2480909
- Utility SourcePublic
- Acres0.79
- Square Feet4442
- Year Built1990
- CountyWeld
Location
Legal
Based on information submitted to the MLS GRID as of 2025-08-30 00:04:18 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Danya Apostolope (#REC155066005), Phone: 720-352-1057, Email: danya@harmesteam.com
Listing Office: RE/MAX Momentum (#RECREM29)
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