Denver Redevelopment/Renovation Opportunity

1454 Tamarac Street, Denver, CO 80220

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For Sale

$575,000

Commercial property suitable for redevelopment or renovation in Denver County.

Type:Commercial/Industrial

Property size:

2,774 SF

Lot size:

0.14 Acres

Price / SF:

$207/SF

HighLights

Prime location just 100 feet off Colfax Avenue offering high visibility and foot traffic.
E‑MS‑5 zoning allows for diverse mixed‑use development opportunities.
High traffic count of 23,000 AADT enhances business potential.
Well‑built brick/block construction is suitable for renovation.
Land value presents an impressive redevelopment opportunity.
Potential for growth in the surrounding area with mixed‑use developments.

We can help!

Listing Contact

Thomas Shockcor

For Sale

$575,000

Commercial property suitable for redevelopment or renovation in Denver County.

Type:Commercial/Industrial

Property size:

2,774 SF

Lot size:

0.14 Acres

Price / SF:

$207/SF

Added:: Dec 9, 2024
Days on Market:: 549
Last Refresh:: May 20 at 1:42 am

Property Features for 1454 Tamarac Street

General Information

Standard status: Active
Size: 2,774 SF
Lot size: 0.14 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1957

We can help!

Listing Contact

Thomas Shockcor

Listing agent Thomas Shockcor License #000284581

Listing office Shockcor Inc

Listing date Dec 9, 2024

Source Exitrealty

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 Shockcor Inc

HighLights

Prime location just 100 feet off Colfax Avenue offering high visibility and foot traffic.
E‑MS‑5 zoning allows for diverse mixed‑use development opportunities.
High traffic count of 23,000 AADT enhances business potential.
Well‑built brick/block construction is suitable for renovation.
Land value presents an impressive redevelopment opportunity.
Potential for growth in the surrounding area with mixed‑use developments.

Overview

This commercial property in Denver County presents a redevelopment or renovation opportunity. Zoned E-MS-5, the site encourages mixed-use developments with buildings ranging from 2 to 5 stories. Previously used as a veterinary clinic, the property is located 100 feet off Colfax Avenue, a major arterial street with an Average Annual Daily Traffic of 23,000. The existing structure features brick and block construction, suitable for renovations. The location offers significant visibility and foot traffic due to its proximity to Colfax Avenue. The E-MS-5 zoning allows for diverse uses, including retail spaces such as boutiques, cafes, and restaurants, office spaces or co-working environments, mixed-use developments combining residential and commercial elements, health and wellness facilities, and educational centers or community services. The land value presents an opportunity for redevelopment. The high traffic count enhances visibility and accessibility, making it suitable for businesses targeting steady foot traffic. The surrounding area shows potential for growth with the push for mixed-use developments. The property size is 2774 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$73.2k	$26.40
− Vacancy	−$19.0k	−$6.86
EGI	$54.2k	$19.54
− OpEx	−$13.5k	−$4.88
NOI	$40.6k	$14.65

2,774 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$580.6K

$508.1K – $677.4K (±1% cap)

NOI $40,645 @ 7.0% cap · market cap 7.07%

Second Best

Mixed Use

$558.2K

$488.4K – $651.2K (±1% cap)

NOI $39,072 @ 7.0% cap · market cap 6.80%

Theoretical Best

Office A

$883.1K

$772.7K – $1.03M (±1% cap)

NOI $61,814 @ 7.0% cap · market cap 10.75%

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

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -104.895
Latitude: 39.7397

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For sale
Retail space
CO
Denver
80220
1454 Tamarac Street

What type of property is this?

Retail space - Commercial property suitable for redevelopment or renovation in Denver County.

Where is this retail space located?

The property is located at 1454 Tamarac Street Denver, CO.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Prime location just 100 feet off Colfax Avenue offering high visibility and foot traffic.; E‑MS‑5 zoning allows for diverse mixed‑use development opportunities.; High traffic count of 23,000 AADT enhances business potential.