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389 Lipan St Denver, CO 80223

Sponsored
For Sale
$5,900,000

Prime Denver location, high cap rate, renovated.

Property size:
26,507 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional industrial flex property, located at 389 S Lipan St, Denver, CO 80223, presents a compelling investment opportunity. The 26,507 square foot building sits on a 49,216 square foot lot and boasts a desirable 8.01% cap rate, priced at $5,900,000 ($222.58/sq ft). Built in phases (1934/1964) and extensively renovated in 2019, this single-story structure features a flexible layout ideal for owner-users. The space includes 9,704 square feet of office space with 10-foot clear height, 7,098 square feet of workshop space with 16'2" clear height, and 9,704 square feet of warehouse space with 7'1" clear height. Multiple drive-in doors are available, including two 16' x 20' doors in the workshop area and several 10'7" x 8'6" doors throughout. The property is zoned I-MX-3 and offers 34 on-site parking spaces plus additional gated outside storage. Its convenient location provides quick access to I-25 and Alameda, placing it just minutes from Downtown Denver. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex building with significant upside potential. The absolute NNN lease type ensures a straightforward ownership experience.

Property Features for 389 Lipan St

General Information

Property type
Distribution properties
Square Feet
26,507 SF

Building Details

Year Built/Renovated
1934/2019
Buildings
1
Stories
1

HighLights

  • 26,507 SF industrial flex building on a 49,216 SF lot in Denver, CO.
  • 8.01% cap rate, priced at $5,900,000 ($222.58/SF).
  • Single‑story building with 9,704 SF of 10' clear height office space, 7,098 SF of 16'2" clear height workshop space, and 9,704 SF of 7'1" clear height warehouse space.
  • Multiple drive‑in doors including two 16' x 20' doors and several 10'7" x 8'6" doors.
  • 34 on‑site parking spaces plus gated outside storage; I‑MX‑3 zoning.
  • Convenient location near I‑25 and Alameda, minutes from Downtown Denver; NNN lease.
Property Profile Location Intelligence

Current Use by Public Records

Denver Metal Supply Metal Fabricator ECO Roof and Solar Roofing Contractor

Suggested Use

Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Denver
County
Denver
State
Colorado
Longitude
-105.0019175
Latitude
39.7089391

FAQs

What type of property is this?
Distribution property - Prime Denver location, high cap rate, renovated.
Where is this distribution property located?
The property is located at 389 Lipan St Denver, CO.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 26,507 SF industrial flex building on a 49,216 SF lot in Denver, CO.; 8.01% cap rate, priced at $5,900,000 ($222.58/SF).; Single-story building with 9,704 SF of 10' clear height office space, 7,098 SF of 16'2" clear height workshop space, and 9,704 SF of 7'1" clear height warehouse space.
More about this property
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