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Historic La Alma Mixed-Use Opportunity

1178 Mariposa St, Denver, CO 80204

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For Sale

$1,500,000

Flexible mixed-use property in Denver's historic La Alma–Lincoln Park.

Type:Commercial

Property size:

5,632 SF

Lot size:

0.14 Acres

Price / SF:

$266/SF

HighLights

Prime location directly across from La Alma–Lincoln Park and less than two miles from downtown Denver.
Flexible U‑MX‑2X zoning allows for a variety of uses.
Spacious 5,632 SF mixed‑use building on a 6,250 SF lot.
Currently set up as an outpatient behavioral health clinic with residential and commercial components, including a fully equipped commercial kitchen.
Located in the historic La Alma–Lincoln Park Historic Cultural District.
Walkable to parks, transit, and the Santa Fe Arts District.

We can help!

Contact an agent

Colton Reimer

For Sale

$1,500,000

Flexible mixed-use property in Denver's historic La Alma–Lincoln Park.

Type:Commercial

Property size:

5,632 SF

Lot size:

0.14 Acres

Price / SF:

$266/SF

Added:: Mar 10, 2026
Days on Market:: 119
Last Refresh:: Jul 3 at 1:59 am

Property Features for 1178 Mariposa St

General Information

Standard status: Active
Size: 5,632 SF
Lot size: 0.14 Acres
Property subtype: Commercial

Building Details

Year Built: 1946

We can help!

Contact an agent

Colton Reimer

Listing office CBRE - Denver Downtown

Listing date Mar 10, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Denver Downtown

HighLights

Prime location directly across from La Alma–Lincoln Park and less than two miles from downtown Denver.
Flexible U‑MX‑2X zoning allows for a variety of uses.
Spacious 5,632 SF mixed‑use building on a 6,250 SF lot.
Currently set up as an outpatient behavioral health clinic with residential and commercial components, including a fully equipped commercial kitchen.
Located in the historic La Alma–Lincoln Park Historic Cultural District.
Walkable to parks, transit, and the Santa Fe Arts District.

Overview

Located in the historic La Alma–Lincoln Park neighborhood, this mixed-use property at 1178 Mariposa Street, Denver, presents a unique opportunity. The property offers 5,632 square feet of space on a 6,250 square foot lot. Zoned U-MX-2X, the building is currently configured as an outpatient behavioral health clinic with residential and commercial components, including a fully equipped commercial kitchen. The layout supports a range of potential uses, such as medical office, live/work space, nonprofit or community uses, or redevelopment into small multifamily (buyer to verify). The property is walkable to parks, transit, and the Santa Fe Arts District. Specifically, it is located eight minutes from the 10th & Osage Light Rail Station. Situated directly across from La Alma–Lincoln Park and less than two miles from downtown, the property is within the La Alma–Lincoln Park Historic Cultural District, and historic guidelines may apply. The property is offered as-is.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$115.6k	$20.52
− Vacancy	−$5.4k	−$0.96
EGI	$110.1k	$19.56
− OpEx	−$27.5k	−$4.89
NOI	$82.6k	$14.67

5,632 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,603 @ 7.0% cap · market cap 5.51%

Second Best

Office B

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,520 @ 7.0% cap · market cap 5.50%

Theoretical Best

Office A

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,501 @ 7.0% cap · market cap 8.37%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Tribe Recovery Homes ... Medical Clinic

Suggested Use

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Location Insight

Map
Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -105.003
Latitude: 39.7351

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For sale
Medical Office Space
CO
Denver
80204
1178 Mariposa St

What type of property is this?

Medical Office Space - Flexible mixed-use property in Denver's historic La Alma–Lincoln Park.

Where is this medical office space located?

The property is located at 1178 Mariposa St Denver, CO.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Prime location directly across from La Alma–Lincoln Park and less than two miles from downtown Denver.; Flexible U‑MX‑2X zoning allows for a variety of uses.; Spacious 5,632 SF mixed‑use building on a 6,250 SF lot.