4600 38th Ave Denver, CO 80212-2047
This exceptional 805-square-foot retail space is ideally situated within a thriving Denver Highlands location, specifically within a fully operational 24 Hour Fitness gym. The single-tenant space presents a unique opportunity for businesses in the health, wellness, and fitness sectors. Previous use was as a children's club, offering adaptable layout possibilities for a variety of tenants. Suitable uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense instruction, physical therapy, sports rehabilitation, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services, health diagnostic screening and testing, or retail sales of sports, health, and wellness products and apparel. The space is not suitable for businesses that prepare food or beverages on-site, offer pole dancing classes, or require extensive construction or utility upgrades. Located in Denver County's Highlands Garden submarket cluster, this property benefits from high visibility and convenient access. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). This turnkey space is ready for immediate occupancy, offering a compelling opportunity for a synergistic business within a well-established fitness environment. The property is 805 square feet, with all 805 square feet currently vacant.
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24 Hour Fitness Gym & Fitness Center
DiViSiON 9 .6 PLANNED UNIT DEVELOPMENT DISTRICT (PUD) Secti O N 9.6.1 PLANNED UNIT DEVELOPMENT DISTRICT (PUD) 9.6.1.1 General Purpose and Intent A. The general purpose of a Planned Unit Development zone district (“PUD District”) District is to provide an alternative to conventional land use regulations, combining use, density, site plan and building form con…
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
PUD · Denver, CODiViSiON 9 .6 PLANNED UNIT DEVELOPMENT DISTRICT (PUD) Secti O N 9.6.1 PLANNED UNIT DEVELOPMENT DISTRICT (PUD) 9.6.1.1 General Purpose and Intent A. The general purpose of a Planned Unit Development zone district (“PUD District”) District is to provide an alternative to conventional land use regulations, combining use, density, site plan and building form considerations into a single process, and substituting procedural protections for the more prescriptive requirements in this Code. The PUD District is intended to respond to unique and extraordinary circumstances, where more flexible zoning than what is achievable through a standard zone district is desirable and multiple variances, waivers, and conditions can be avoided. B. “Unique and extraordinary circumstances” that justify use of a PUD District include, but are not limited to, the following: 1. Where a development site has special physical characteristics, including but not limited to irregular or odd-shaped lots, or lots with significant topographical barriers to standard development or construction practices; 2. Where a customized zoning approach is necessary to protect and preserve the character of a Historic Structure or historic district; 3. Where a development site is subject to an existing PUD and rezoning to a new PUD District will bring the site closer to conformance with current zoning regulations and adopted plans; or 4. Where the proposed scale or timing of a development project demands a more customized zoning approach to achieve a successful, phased development. C. A PUD District is not intended as either a vehicle to develop a site inconsistent with the applicable neighborhood context and character, or solely as a vehicle to enhance a proposed development’s economic feasibility. D. In return for the flexibility in site design with respect to the arrangement, heights, and setbacks of buildings, densities, open space and circulation elements, development under a PUD District should provide significant public benefit not achievable through application of a standard zone district, including but not limited to diversification in the use of land; innovation in development; more efficient use of land and energy; exemplary pedestrian connections, amenities, and considerations; and development patterns compatible in character and design with nearby areas and with the goals and objectives of the Comprehensive Plan. 9.6.1.2 Application Process A.
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.
