Property profile

4939 Washington St Denver, CO 80216

OFF-MARKET
Land
Property ID
US13-1038402
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Property summary

AI-generated overview

This exceptional 23,050 square foot industrial land parcel in Denver's Globeville neighborhood presents a unique redevelopment opportunity. The property, located at 4939-4945 Washington Street, consists of three assembled parcels totaling 0.52 acres and is currently clear of improvements following the demolition of existing buildings. Zoned I-MX-3, this site allows for redevelopment within the next 3-5 years, offering significant potential for a variety of industrial uses with a maximum building height of three stories. Its prime location, blocks from I-70 and I-25, and across the river from the National Western Complex, provides unparalleled access to major transportation arteries. Globeville is experiencing substantial growth and redevelopment driven by large-scale public projects and infrastructure improvements, including the nearby Spur campus of Colorado State University, Globeville Landing Park, the new 51st Avenue Bridge, and the revitalized National Western Center. The property's position on Washington Street, the main business artery, aligns perfectly with the City of Denver's Globeville Master Plan, a city-led initiative to revitalize the area. Adjacent to a recently acquired 2.7-acre site slated for mixed-use development, this property offers investors a strategic entry point into a rapidly transforming neighborhood with significant long-term growth potential. The I-MX-3 zoning designates industrially-dominated areas served by local streets. This is a rare chance to capitalize on Denver's dynamic industrial market and contribute to the exciting revitalization of Globeville.

Property profile

Verified
Property type Land
UPID US13-1038402

Cap rate & NOI

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

Location

4939 Washington St Denver, CO 80216
Denver metro
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Value estimations

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Owner & transaction history

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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