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    2205 Washington St Denver, CO 80205

    Sponsored
    For Sale
    $3,992,375

    Prime Denver location, 31,939 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 31,939 square foot commercial land parcel, located at 2205 N. Washington St in Denver, Colorado, presents a unique investment opportunity. Priced at $3,992,375, the property is zoned R-MU-30, allowing for a variety of development options, subject to specific ordinances. The site boasts an enviable location within close proximity to Uptown, Restaurant Row (17th Avenue), Five Points, and the thriving RiNo neighborhood, ensuring high visibility and accessibility. Convenient access to major thoroughfares like Broadway and Park Avenue West further enhances its appeal. Development plans must adhere to the city's Affordable Housing Requirement, mandating that any new construction include 10 for-sale units priced at 80% of the Area Median Income (AMI). The zoning regulations, as outlined in Ordinance No. 351 Series of 2005 and Section 59-303 of the Denver Zoning Code, dictate permitted uses and building heights. A maximum building height of 80 feet is allowed. This property offers significant potential for developers seeking a prime location in a rapidly growing area of Denver. The combination of location, zoning, and affordable housing requirements presents a compelling opportunity for a project that aligns with the city's development goals.

    Property Features for 2205 Washington St

    General Information

    Property type
    Land

    HighLights

    • Prime location, blocks from Uptown, Restaurant Row, Five Points, and RiNo.
    • Excellent access to Broadway and Park Avenue West.
    • 10% affordable housing requirement (80% AMI).
    • R‑MU‑30 zoning with existing waivers (Ordinance No. 351 Series of 2005).
    • 80‑foot maximum building height.
    • Permitted uses as defined in Denver Zoning Code Section 59‑303.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.978466
    Latitude
    39.749937

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    FAQs

    What type of property is this?
    Land - Prime Denver location, 31,939 sq ft lot.
    Where is this land located?
    The property is located at 2205 Washington St Denver, CO.
    What is the asking price?
    The asking price for this property is $3,992,375.
    What are key features of this property?
    This property features: Prime location, blocks from Uptown, Restaurant Row, Five Points, and RiNo.; Excellent access to Broadway and Park Avenue West.; 10% affordable housing requirement (80% AMI).
    (303) 534-5005
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    2205 Washington St Denver, CO 80205
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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
    2205 Washington St Denver, CO 80205
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