Entity Owned Property summary
This exceptional 3,003-square-foot creative office space at 1240 Speer Boulevard in Denver, Colorado, presents a unique owner-user opportunity. Currently vacant, this mixed-use property offers significant potential for redevelopment. Built in 1948, the single-story building sits on a 0.1-acre lot and boasts a D-GT zoning designation, allowing for redevelopment up to 25 stories. The asking price is $1,100,000, translating to $366.30 per square foot. The property's versatile layout is suitable for a variety of uses, including retail and industrial applications, making it an ideal location for businesses seeking a blend of storefront and workshop space. Its prime location in Denver's Golden Triangle ensures high visibility and accessibility. The property is currently vacant, providing immediate occupancy for the new owner. This presents a rare chance to acquire a strategically located asset with substantial upside potential in a thriving Denver neighborhood. The property's zoning and size offer significant flexibility for future development and expansion. Don't miss this opportunity to own a piece of Denver's vibrant urban landscape.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
e. Downtown Golden Triangle District (D-GT) The Golden Triangle (D-GT) is a neighborhood that encourages a wide range of uses including housing, office, civic, and retail, with an emphasis on active uses at the ground fl…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
D-GT · Denver, COe. Downtown Golden Triangle District (D-GT) The Golden Triangle (D-GT) is a neighborhood that encourages a wide range of uses including housing, office, civic, and retail, with an emphasis on active uses at the ground fl…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
e. Downtown Golden Triangle District (D-GT) The Golden Triangle (D-GT) is a neighborhood that encourages a wide range of uses including housing, office, civic, and retail, with an emphasis on active uses at the ground fl…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for D-GT in Denver, CO.
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Find the owner behind the property.
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