Property summary
This exceptional Denver, CO industrial property at 2256 S Delaware St offers a compelling investment opportunity. The 3,840 square foot building, constructed in 1964, features two units, each 1,920 square feet. Currently, one unit is 50% occupied by a tenant under a new 5-year NNN lease, generating immediate income. The remaining unit is available for an owner-user, providing flexibility and potential for significant value appreciation. The property boasts a renovated storefront, ample parking, a small fenced yard, and convenient access to public transportation, being just one block from the light rail. The interior includes a large open bullpen/showroom area, private offices, a kitchenette, and a restroom. The warehouse space features a rear loading area and the possibility of garage door installation. Zoned I-1, this property is ideally suited for contractors, sales/service businesses, or general office/warehouse operations. The asking price is $850,000, with a price per square foot of $221.35 and a price per unit of $425,000. This Core+ investment presents a rare blend of income generation and owner-user potential in a highly desirable Denver location. The property's excellent location near Santa Fe and Evans avenues ensures high visibility and easy access for both employees and clients.
Property profile
VerifiedCap rate & NOI
Current use
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Clothing Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
A. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the street and an…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I-MX-3 · Denver, COA. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the street and an…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
A. I-MX Industrial Mixed Use Districts (I-MX-3,-5, -8, -12) 1. General Purpose a. The Industrial Mixed Use districts are intended to develop in a pedestrian-oriented pattern, with buildings built up to the street and an…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-MX-3 in Denver, CO.
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