Property summary
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
VerifiedCap rate & NOI
Current use
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Art Gallery
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Clothing & Fashion Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
U-MX-3 · Denver, COU-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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for U-MX-3 in Denver, CO.
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