1615 33rd Ave Denver, CO 80211
This exceptional Denver, CO property, located at 1615 W 33rd Avenue & 3317 Osage Street, presents a prime redevelopment opportunity. The offering encompasses two lots totaling 9,361 square feet, situated in the highly sought-after Lower Highlands submarket. The combined lot size provides ample space for a variety of urban, mixed-use developments, permitted under the U-MX-3 zoning designation. The property includes a small commercial building and a duplex, adding to its potential. Built in 1955 and 1891 respectively, the existing structures offer flexibility for adaptive reuse or demolition. This prominent corner lot boasts excellent visibility and accessibility, with close proximity to numerous established retail and restaurant options. Its location minutes from Denver's Central Business District (CBD) capitalizes on the area's ongoing revitalization and strong rental demand. The asking price for this exceptional redevelopment site is $3,200,000. The property's strategic location and flexible zoning make it an ideal investment for developers seeking to capitalize on Denver's thriving real estate market. The potential for a marijuana retail dispensary is also a consideration. The square footage of the buildings ranges from 1,115 to 1,296 square feet.
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1615 Gallery Art Gallery
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apropos Clothing & Fashion Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
U-MX-3 · Denver, CODenver. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.