520 & 536 N Cherokee St, Denver, CO 80204

This rare central Denver opportunity features two contiguous parcels totaling approximately 14,062 square feet. Zoned C-MX-8, the parcels are located directly adjacent to the Denver Health main campus and within the influence area of the future Burnham Yard redevelopment and proposed Denver Broncos Stadium District. The zoning allows up to 8-story mixed-use development, multifamily, medical office, hospitality, or institutional-support uses. The property offers stable retail income with immediate potential to enhance value through rent repositioning, tenant optimization, and strategic asset improvements. The location is suitable for a 55/60+ active community due to its proximity to Denver Health and the new Broncos Stadium, with a WalkScore of 93. Denver Health’s recent acquisition of neighboring Bannock Street parcels reinforces institutional confidence and sustained growth momentum. Hilton has approved a 96-room LivSmart Extended Stay concept. The property has a bikeScore of 85, indicating it is very bikeable, and a transitScore of 51, indicating good transit options. The asset currently performs at a competitive 3.25% return, with most leases ending in mid '26. The surrounding area includes the Lincoln/Golden Triangle and the transformative Burnham Yard Broncos redevelopment. The property also holds long-term land value potential, making it an attractive hold for investors seeking a combination of current performance and strategic future opportunity.