1401 Ogden St Denver, CO 80218-1909

Property Details for 1401 Ogden St

Year built

1882

Construction

WOOD

Lot size

0.21 lot acres

Property size

3,276 SF

Zone code

C-MS-5

Property type

Garden apartment buildings

APN

05022-07-054-000

APU

502207054000

Description

This exceptional mixed-use property, the Emerson Block, presents a compelling investment opportunity in Denver's vibrant Capitol Hill neighborhood. Located at 1401 N Ogden St, Denver, CO 80218, this 15,031 square foot building boasts a desirable C-MS-5 zoning designation. The two-story structure, built in 1882, comprises six units, including apartment space, a restaurant, and a storefront, offering diverse income streams. The property sits on an 18,500 square foot lot, providing ample parking for both residential and retail tenants. Currently generating a 5.67% cap rate and a NOI of $265,461, pro forma projections indicate a 6.62% cap rate and a NOI of $309,888, showcasing significant upside potential. The asking price is $4,680,000, translating to $311.36 per square foot. This unique asset is perfectly positioned for operational improvements to maximize returns, representing a strong long-term land play opportunity. The seller is open to exploring seller financing options, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a well-located, mixed-use property with substantial growth potential in a thriving Denver market.