3839 Newport St Denver, CO 80207-1509

Property Details for 3839 Newport St

Year built

1967

Construction

WOOD

Lot size

0.34 lot acres

Property size

5,578 SF

Zone code

I-MX-3

Property type

Office buildings

APN

01204-22-007-000

APU

120422007000

Description

This exceptional investment opportunity presents a fully leased 5,578 square foot flex space industrial building situated on a substantial 14,751 square foot lot in Denver's vibrant Park Hill neighborhood. The property, located at 3839 Newport Street, boasts a prime location directly across from Martin Luther King Jr. Park, offering convenient access to amenities and a thriving community. Built in 1961, this single-story Class C building features a combination of office and warehouse space, ideal for a variety of uses. The property includes 10 surface parking spaces and benefits from I-MX-3 zoning, presenting significant future development potential. The current lease agreement has a remaining term of approximately four years, expiring April 30, 2028. The property's strong location within a rapidly developing industrial corridor, just south of I-70 and west of Quebec Street, ensures excellent accessibility and future appreciation. With an asking price of $1,875,000 ($336.14 per square foot), and an average net operating income of $85,341, this presents a compelling investment opportunity for owner-users seeking a strategic foothold in a high-growth Denver market. The 2023 property taxes are $3.04 per square foot. The property's proximity to Station 26 Brewery and numerous ongoing development projects further underscores its long-term value and potential for future growth.

Location Insight

City

Denver

County

Denver

State

Colorado

Longitude

-104.91

Latitude

39.7701

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments