Central Street Development Site | 1763-1795 Central St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Central Street Development Site 1763-1795 Central St
5,414 SF 100% Leased Office Building Denver, CO 80211 £2,627,773 (£485/SF)
Investment Highlights
- The last remaining developable parcel on coveted Central Street.
- Well positioned for a 5-story hotel or apartment redevelopment
- High foot traffic block due to Highlands density and proximity to Central Business District
- Prominent location on Central Street, providing excellent visibility and exposure to over 200,000 vehicles a day
- NNN covered development - month-to-month tenancy after 2024
- Premier LoHi location overlooking Downtown Denver
Executive Summary
Location:
The last development site on coveted Central Street. The sites prominent and unique location offer high foot traffic, driven by the dense Highlands neighborhood and its proximity to the Central Business District. The site also offers unparalleled visibility and exposure to over 200,000 vehicles daily.
Development Potential:
The site is exceptionally well-suited for redevelopment, with ideal positioning for a 5-story hotel or apartment complex. Its visibility and accessibility make it an attractive opportunity for both commercial and residential uses, catering to the demand for high-quality accommodations in the Highlands.
Current Tenancy:
The property is currently under a NNN (Triple Net) lease with a month-to-month tenancy extending beyond 2024. This flexible arrangement provides the new owner with the advantage of immediate redevelopment opportunities while maintaining stable income during the transition period.
Advantages:
High Visibility: Over 200,000 vehicles pass the site daily.
Prime Development Opportunity: Ideal for a 5-story hotel or apartment project.
High Foot Traffic: Benefiting from both Highlands density and proximity to the Central Business District.
Flexible Tenancy: NNN covered lease with month-to-month flexibility post-2024.
This site presents a compelling investment opportunity in a high-demand area, offering significant potential for both short-term income and long-term development gains.
The last development site on coveted Central Street. The sites prominent and unique location offer high foot traffic, driven by the dense Highlands neighborhood and its proximity to the Central Business District. The site also offers unparalleled visibility and exposure to over 200,000 vehicles daily.
Development Potential:
The site is exceptionally well-suited for redevelopment, with ideal positioning for a 5-story hotel or apartment complex. Its visibility and accessibility make it an attractive opportunity for both commercial and residential uses, catering to the demand for high-quality accommodations in the Highlands.
Current Tenancy:
The property is currently under a NNN (Triple Net) lease with a month-to-month tenancy extending beyond 2024. This flexible arrangement provides the new owner with the advantage of immediate redevelopment opportunities while maintaining stable income during the transition period.
Advantages:
High Visibility: Over 200,000 vehicles pass the site daily.
Prime Development Opportunity: Ideal for a 5-story hotel or apartment project.
High Foot Traffic: Benefiting from both Highlands density and proximity to the Central Business District.
Flexible Tenancy: NNN covered lease with month-to-month flexibility post-2024.
This site presents a compelling investment opportunity in a high-demand area, offering significant potential for both short-term income and long-term development gains.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
5,414 SF
Building Class
C
Year Built
1921
Price
£2,627,773
Price Per SF
£485
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,707 SF
Building FAR
0.86
Land Acres
0.15 AC
Zoning
C-MX-5 - COMMERCIAL MIXED USE — C-MX-5
Lot SF: 11,250 SF
Lot Dimensions: 55’ x 125’
Parking
11 Spaces (2.03 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (74)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 2283-15-098 | Improvements Assessment | £41,056 |
| Land Assessment | £264,260 | Total Assessment | £305,316 |
PROPERTY TAXES
Parcel Number
2283-15-098
Land Assessment
£264,260
Improvements Assessment
£41,056
Total Assessment
£305,316
-
Teal Nipp Hagan -
Brandon Kaufman -
Will Scherman -
Kaufman Hagan
1 of 28
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Central Street Development Site | 1763-1795 Central St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.