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    1240 Santa Fe Dr Denver, CO 80223

    Sponsored
    For Sale
    $1,060,000

    High-visibility lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,500 square foot commercial land parcel is strategically located at 1240 S Santa Fe Drive in Denver, Colorado, zip code 80223. Zoned E-CC-3, this property presents a unique opportunity for developers seeking high-impact commercial ventures. The site boasts prime visibility due to significant foot and vehicle traffic along Santa Fe Drive, ensuring maximum exposure for any future development. Its convenient location offers easy access to major transportation arteries, including being less than a 20-minute walk from the I-25 / S Broadway Station, enhancing its appeal to a wide range of businesses and customers. The area is experiencing robust population growth, creating a strong and expanding market for commercial enterprises. Furthermore, the property is fully serviced, with water, sewer, and utility connections already in place, simplifying the development process and reducing upfront costs. An adjacent warehouse is also available, presenting potential for synergistic development opportunities. The asking price for this exceptional property is $1,060,000. This is a rare chance to acquire a highly desirable commercial lot in a thriving Denver location.

    Property Features for 1240 Santa Fe Dr

    General Information

    Property type
    Land

    HighLights

    • $1,060,000 asking price.
    • 12,500 square foot commercial land parcel.
    • E‑CC‑3 zoning.
    • Located at 1240 S Santa Fe Dr, Denver, CO 80223.
    • High visibility location on S Santa Fe Drive with high foot and vehicle traffic.
    • Less than a 20‑minute walk from the I‑25/S Broadway Station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tatterdemalion Interior Designer

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.9922589
    Latitude
    39.6938443

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    FAQs

    What type of property is this?
    Land - High-visibility lot, ideal for development.
    Where is this land located?
    The property is located at 1240 Santa Fe Dr Denver, CO.
    What is the asking price?
    The asking price for this property is $1,060,000.
    What are key features of this property?
    This property features: $1,060,000 asking price.; 12,500 square foot commercial land parcel.; E-CC-3 zoning.
    (303) 962-9555
    Request Owner's contact information
    1240 Santa Fe Dr Denver, CO 80223
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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
    1240 Santa Fe Dr Denver, CO 80223
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