Property profile

1615 33rd Ave Denver, CO 80211

OFF-MARKET
Auto shops
Property ID
US13-0764258
636 SF 0.21 ac lot Built 1980
Entity Owned 14-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1980
Construction WOOD
Total area 636 SF
Lot 0.21 ac (9,361 SF)
Zoning code U-MX-3
APN 02281-33-011-000
UPID US13-0764258

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Art Gallery
  • Clothing & Fashion Store

Location

1615 33rd Ave Denver, CO 80211
Denver metro Census 1102 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2012
Last sale
$2.0M
7 recorded transactions
2012
$731,840
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

U-MX-3 · Denver, CO
Zoning description

U-MX-3 Mixed Use 3 U-RX-3 Residential Mixed Use 3 U-RX-5 Residential Mixed Use 5 U-MS-2 Main Street 2 U-MS-2x Main Street 2x U-MS-3 Main Street 3 U-MS-5 Main Street 5 SE CTION 5.2.2 RESIDENTIAL DISTRICTS (U-SU-A, -A2, -B…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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