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Montclair Building: Redevelopment Opportunity

1330-1340 Leyden St, Denver, CO 80220

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For Sale

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Office/retail building in Montclair, ideal for redevelopment or investment.

Type:Office, Retail

Property size:

15,299 SF

Price / SF:

$209/SF

HighLights

Excellent owner/user, investment, or redevelopment opportunity in the sought‑after Montclair neighborhood.
Advantageous location just off East Colfax Avenue with easy access to public transportation and local conveniences.
Outstanding visibility shadow‑anchored by Safeway and King Soopers.
Ready for a new owner’s vision and can accommodate a myriad of uses (office, retail, medical office, or multifamily development).
Ample off‑street parking.
Exterior signage opportunities.

We can help!

Contact an agent

Todd Snyder

Learn more

For Sale

Contact for pricing

Office/retail building in Montclair, ideal for redevelopment or investment.

Type:Office, Retail

Property size:

15,299 SF

Price / SF:

$209/SF

Added:: Mar 21, 2024
Days on Market:: 839
Last Refresh:: Jul 2 at 7:01 am

Property Features for 1330-1340 Leyden St

General Information

Standard status: Active
Size: 15,299 SF
Property subtype: Office, Retail

Building Details

Year Built: 1955

We can help!

Contact an agent

Todd Snyder

Listing office Kentwood Commercial

Listing date Mar 21, 2024

Source Crexi

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 Kentwood Commercial

HighLights

Excellent owner/user, investment, or redevelopment opportunity in the sought‑after Montclair neighborhood.
Advantageous location just off East Colfax Avenue with easy access to public transportation and local conveniences.
Outstanding visibility shadow‑anchored by Safeway and King Soopers.
Ready for a new owner’s vision and can accommodate a myriad of uses (office, retail, medical office, or multifamily development).
Ample off‑street parking.
Exterior signage opportunities.

Overview

Located in the Montclair neighborhood, the building at 1330-1340 Leyden Street presents an excellent opportunity for an owner/user, investment, or redevelopment. Constructed in 1955, the majority of the 15,299-square-foot building has been vacant since 2019. Currently in shell condition, with mechanical and plumbing stubbed in, the building is ready for a new owner’s vision and can accommodate a myriad of uses, including office, retail, medical office, or a multifamily development. It features ample off-street parking and exterior signage opportunities. The location is shadow-anchored by Safeway and King Soopers, just off East Colfax Avenue, ensuring easy access to public transportation and a variety of local conveniences like eateries, pubs, cafes, and shops.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$403.9k	$26.40
− Vacancy	−$105.0k	−$6.86
EGI	$298.9k	$19.54
− OpEx	−$74.7k	−$4.88
NOI	$224.2k	$14.65

15,299 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.20M

$2.80M – $3.74M (±1% cap)

NOI $224,161 @ 7.0% cap · market cap 7.01%

Second Best

Retail

$2.99M

$2.62M – $3.49M (±1% cap)

NOI $209,426 @ 7.0% cap · market cap 6.54%

Theoretical Best

Office A

$4.87M

$4.26M – $5.68M (±1% cap)

NOI $340,916 @ 7.0% cap · market cap 10.65%

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

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -104.9149249
Latitude: 39.7374178

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For sale
Retail space
CO
Denver
80220
1330-1340 Leyden St

What type of property is this?

Retail space - Office/retail building in Montclair, ideal for redevelopment or investment.

Where is this retail space located?

The property is located at 1330-1340 Leyden St Denver, CO.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: Excellent owner/user, investment, or redevelopment opportunity in the sought‑after Montclair neighborhood.; Advantageous location just off East Colfax Avenue with easy access to public transportation and local conveniences.; Outstanding visibility shadow‑anchored by Safeway and King Soopers.