1316 Evans Ave, Denver, CO 80210-4560
- Banks
- 5,025 SF
- 0.38 lot acres
Current Use by Public Records
- FirstBank / Bank / Loan Service
- High Ride Cycle - University / Gym & Fitness Center
- GoodVets South Denver / Veterinary Clinic
Property Details for 1316 Evans Ave
- Year built
- 2003
- Construction
- WOOD
- Lot size
- 0.38 lot acres
- Zone code
- U-MS-3
- Property type
- Banks
- APN
- 05262-23-048-000
- APU
- 526223048000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 15, 2025 | $3,125,000 | T3a Properties LLC | Dynamic Evans Investments LLC | Special Warranty Deed | $2M · Blue FCU |
| Sep 29, 2022 | $2,175,000 | Dynamic Evans Investments LLC | Firstbank | Special Warranty Deed | $3.4M · Artes Capital Sma 1 LLC |
Description
This exceptional investment opportunity presents a 4,780 square foot, fee-simple storefront property located at 1316 E Evans Ave, Denver, CO 80210. The property, built in 2003 and renovated in 2022, sits on a 0.38-acre lot and boasts a 6.40% cap rate with a Net Operating Income (NOI) of $215,100. Currently 100% occupied by two tenants, High Ridge Cycle and GoodVets, under NNN leases, this multi-tenant building offers significant long-term stability and predictable cash flow. The asking price is $3,360,000, translating to $702.93 per square foot. Benefiting from its prime location near the University of Denver and adjacent to a Safeway and Walgreens, the property enjoys high visibility and significant traffic volume exceeding 48,949 vehicles daily. The surrounding area demonstrates strong demographics, with over 22,000 residents and average household incomes exceeding $172,000 within a one-mile radius. This property offers a compelling combination of strong tenancy, excellent location, and attractive financial metrics, making it an ideal investment for those seeking secure cash flow and long-term appreciation. The property is being offered as-is, where-is. The building consists of one single-story structure with two units.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,030,000
- ML approach
- $2,100,000
-
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $2,365,000 Current use
- RESTAURANT
- $2,055,000 Change: -13% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,015,000 Change: -15% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,925,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.972
- Latitude
- 39.6782
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
