1140 5Th Ave Denver, CO 80204
- Office Properties & Spaces
- 8,028 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1140 5Th Ave
- Year built
- 1953
- Property size
- 8,028 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Denver commercial property, located at 1140 W 5th Ave, offers a unique redevelopment opportunity. The 8,028 square-foot building, constructed in 1953, sits on an 8,797 square-foot lot and is zoned I-MX-5. Currently configured as a two-story traditional office space, the property presents significant potential for conversion. The lower level, recently vacated, is on grade and offers the possibility of becoming warehouse space. Reconfiguring the entrance to accommodate forklift access and removing interior walls (posts are spaced 16 feet on center) would facilitate this conversion. The upper level is currently owner-occupied, but the owner is open to a short-term leaseback arrangement. The building is fully sprinklered and features a large, private courtyard. This property boasts an excellent location, situated directly across from the new 331-unit Aura Arts District project (currently under construction) and just three blocks from the Santa Fe Arts District. Its prime location provides easy access to I-25 and 6th Avenue. The asking price is $895,000, translating to $111.48 per square foot. The property's occupancy date is November 11, 2022. This presents a compelling investment opportunity for owner-users seeking a redevelopment project in a thriving Denver neighborhood.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.002
- Latitude
- 39.7239
