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    61st Ave & Tower Rd Denver, CO 80249

    Sponsored
    For Sale
    Contact for pricing

    Prime Denver land, retail & restaurant opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional development site, located at the intersection of 61st Avenue and Tower Road in Denver, Colorado (zip code 80249), presents a unique investment opportunity. The property encompasses between 0.33 and 2.82 acres of land, offering a flexible development footprint. The land is priced at $20 per square foot. This location boasts significant advantages, including proximity to over 4,000 hotel rooms within walking distance along Tower Road, ensuring a substantial customer base. The site is also home to the Panasonic Enterprise Solutions North America Headquarters and the newly operational Pena Station Rail Stop, providing excellent visibility and accessibility. Further enhancing the area's appeal is the recent purchase of 113 acres on nearby 64th Avenue by United Airlines for a new training center slated for completion in 2024. This development promises to further increase foot traffic and property value in the coming years. The property is ideally suited for a variety of commercial uses, including in-line retail spaces, full-service restaurants, and a gas station, all of which are available for lease or purchase. This is a rare chance to acquire a strategically located parcel in a rapidly growing area of Denver. The site's combination of high visibility, convenient access, and proximity to major employers and amenities makes it an exceptional investment opportunity.

    Property Features for 61st Ave & Tower Rd

    General Information

    Property type
    Retail properties
    Lot Size
    14,375 SF

    HighLights

    • Retail, restaurant, and gas station pads available for lease or purchase.
    • Over 2,000 hotel rooms are within walking distance on Tower Road.
    • Panasonic Enterprise Solutions North America HQ and Pena Station rail stop are on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.7721948
    Latitude
    39.8073211

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    FAQs

    What type of property is this?
    Retail property - Prime Denver land, retail & restaurant opportunity.
    Where is this retail property located?
    The property is located at 61st Ave & Tower Rd Denver, CO.
    What are key features of this property?
    This property features: Retail, restaurant, and gas station pads available for lease or purchase.; Over 2,000 hotel rooms are within walking distance on Tower Road.; Panasonic Enterprise Solutions North America HQ and Pena Station rail stop are on-site.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61st Ave & Tower Rd Denver, CO 80249
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