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    424 Lipan St Denver, CO 80204

    For Sale
    $5,191,000

    7,600 SF Warehouse, $5.19M

    Property size:
    7,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 7,600 square foot industrial distribution center, located at 424 Lipan Street in Denver, Colorado, presents a unique investment opportunity. Built in 1952 and extensively renovated in 2020, the property boasts a five-story structure situated on a substantial 29,666 square foot lot. The asking price is $5,191,000, translating to $174.98 per square foot. The property is zoned I-MX-5, allowing for a variety of uses and development potential up to 70 feet (5 stories). Its prime location in Denver's Baker neighborhood offers easy access to major transportation arteries, including I-25 and 6th Avenue Freeway. The surrounding area is experiencing significant growth, with a multi-family development currently underway just one block north. The warehouse features a new roof installed in 2020. This infill development opportunity is within walking distance of popular amenities such as the Movement Climbing Gym, the Santa Fe Arts District, and numerous restaurants. The property's versatility and strategic location make it an ideal choice for developers and users seeking a thriving Denver location. The property's zip code is 80204.

    Property Features for 424 Lipan St

    General Information

    Property type
    Distribution properties
    Square Feet
    7,600 SF

    Building Details

    Year Built/Renovated
    1952/2020
    Stories
    5

    HighLights

    • 300+ unit multifamily development under construction, one block north.
    • Zoned for up to five stories.
    • Prime infill development location.
    • Walkable to Movement Climbing Gym, Santa Fe Arts District, and numerous restaurants.
    • Warehouse features a new roof (2020).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Urban Hardwood Furniture Furniture Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.0013654
    Latitude
    39.7231984

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    FAQs

    What type of property is this?
    Distribution property - 7,600 SF Warehouse, $5.19M
    Where is this distribution property located?
    The property is located at 424 Lipan St Denver, CO.
    What is the asking price?
    The asking price for this property is $5,191,000.
    What are key features of this property?
    This property features: 300+ unit multifamily development under construction, one block north.; Zoned for up to five stories.; Prime infill development location.
    Request Owner's contact information
    424 Lipan St Denver, CO 80204
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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
    424 Lipan St Denver, CO 80204
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