1928 18Th Ave Denver, CO 80206

Property Details for 1928 18Th Ave

Year built

1908

Lot size

0.06 lot acres

Property size

2,302 SF

Property type

Medical offices

Property subtype

Office space

Description

This 2,302 sq ft Class B office building, located at 1928 E 18th Ave in Denver, CO 80206, presents a compelling investment opportunity. Built in 1908 and converted to commercial use before the 1980s, the property sits on a 0.062-acre lot and features six offices, two bathrooms, and ample storage. Currently housing four tenants with a gross lease, the building offers a mix of creative, medical, and traditional office spaces. The asking price is $799,000, translating to $347.09 per square foot. The property boasts a desirable location with easy access to downtown Denver, St. Joseph Hospital, City Park, and various amenities. The building includes on-site parking, supplemented by ample two-hour street parking across the street. The property's zoning is G-RO-3, Commercial-Office. The 2022 property taxes, paid in 2023, totaled $13,685.46 (Schedule Number 02355-17-027-000). The building's construction is a combination of brick and wood siding, with a foundation of brick and concrete. Utilities are provided by the City of Denver/Excel Energy. An attached one-car garage, currently used for storage, offers potential for conversion into additional usable space. The current layout allows for flexibility, making it ideal for a single tenant or multiple tenants. With one office soon to be vacant, and another currently used by the owner, there is immediate potential for increased rental income. This property offers a strong return on investment in a thriving Denver neighborhood.

Location Insight

City

Denver

County

Denver

State

Colorado

Longitude

-104.9639612

Latitude

39.7446012