389 Lipan St Denver, CO 80223
- Office buildings
- 26,507 SF
- 1.13 lot acres
Current Use by Public Records
- Denver Metal Supply / Metal Fabricator
- ECO Roof and Solar / Contractor / Gutter Service
Property Details for 389 Lipan St
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 1.13 lot acres
- Property size
- 26,507 SF
- Zone code
- I-MX-3
- Property type
- Office buildings
- APN
- 05161-05-010-000
- APU
- 516105010000
Description
This exceptional industrial flex property, located at 389 S Lipan St, Denver, CO 80223, presents a compelling investment opportunity. The 26,507 square foot building sits on a 49,216 square foot lot and boasts a desirable 8.01% cap rate, priced at $5,900,000 ($222.58/sq ft). Built in phases (1934/1964) and extensively renovated in 2019, this single-story structure features a flexible layout ideal for owner-users. The space includes 9,704 square feet of office space with 10-foot clear height, 7,098 square feet of workshop space with 16'2" clear height, and 9,704 square feet of warehouse space with 7'1" clear height. Multiple drive-in doors are available, including two 16' x 20' doors in the workshop area and several 10'7" x 8'6" doors throughout. The property is zoned I-MX-3 and offers 34 on-site parking spaces plus additional gated outside storage. Its convenient location provides quick access to I-25 and Alameda, placing it just minutes from Downtown Denver. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex building with significant upside potential. The absolute NNN lease type ensures a straightforward ownership experience.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.002
- Latitude
- 39.709
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
