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    522 14Th Ave Denver, CO 80204

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    For Sale
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    Denver Multifamily Redevelopment Opportunity

    Property size:
    7,404 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Denver redevelopment assemblage presents a unique investment opportunity in the coveted Golden Triangle neighborhood. Comprising two adjacent parcels totaling 7,404 square feet (common ownership), this property offers significant potential for residential development. Currently featuring two existing one-story buildings, built in 1947, with a combined 7,404 square feet and 3,300 square feet of net rentable space, these structures provide a potential income stream during the redevelopment planning phase. The property boasts two units and is zoned D-GT, allowing for a maximum of seven stories. The location, directly across from the Denver Justice Center, offers high visibility and convenient access to downtown amenities. An attractive feature is the potential for seller financing, facilitating a smoother acquisition process. While the current occupancy date is October 2, 2024, the existing buildings offer interim income potential. Note that additional adjacent parcels, totaling 18,746 square feet when combined with this property, are available for purchase from a separate seller, presenting an opportunity to expand the development scope significantly. This assemblage is ideal for investors seeking a prime location and the flexibility to create a substantial residential project in a thriving Denver neighborhood. The property is owned by an LLC.

    Property Features for 522 14Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,404 SF
    Class
    C

    Building Details

    Year Built
    1947
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • Multifamily redevelopment opportunity in Denver's Golden Triangle.
    • 7,404 SF lot with two existing buildings (3,300 rentable SF).
    • Two units, built in 1947, currently generating interim income.
    • D‑GT zoning allows for up to 7 stories.
    • Potential seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. mahon M. ... Doctor CFC Construction Contractor

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail 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
    -104.9948418
    Latitude
    39.7382647

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    FAQs

    What type of property is this?
    Multifamily property - Denver Multifamily Redevelopment Opportunity
    Where is this multifamily property located?
    The property is located at 522 14Th Ave Denver, CO.
    What are key features of this property?
    This property features: Multifamily redevelopment opportunity in Denver's Golden Triangle.; 7,404 SF lot with two existing buildings (3,300 rentable SF).; Two units, built in 1947, currently generating interim income.
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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
    522 14Th Ave Denver, CO 80204
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