61st Ave & Tower Rd Denver, CO 80249
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.