property details for sale - kcredenver.com
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Uptown Development Site
401 E. 17th Ave & 1720 Logan St Denver, CO 80203
Win King, Broker King Commercial Real Estate
1624 Market Street, Suite 202
Denver, Colorado 80202 Phone: 303.376.6333
Email: [email protected] Website: www.kcredenver.com
The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guaranty it. It is the responsibility of the person receiving this information to independently verify it. This package is subject to change, prior sale, or complete withdrawal.
COMMENTS: This highly visible corner lot has a strong presence at the entrance of Uptown. With frontage on 17th Ave, in the thick of restaurant row and some of the best location, walking and transit scores the property is nothing short of an “A” location.
The site sits within comfortable walking distance of the Central Business District and many popular hangouts in Uptown.
Property Details for sale LOCATION: 401 E. 17th Avenue &
1720 Logan Street Denver, CO 80203
SITE SIZE: 20,085 Square Feet
401 E. 17th Ave: 13,390 SF 720 Logan St: 6,695 SF
BUILDING SIZE: 13,970 SF (Built in 1925) FRONTAGE: 17th Ave: 133.9 Feet
(includes ½ of the vacated alley) Logan St: 150 Feet
LIST PRICE: $4,000,000.00 ($199.15/SF based on land area)
2019 TAXES: 401 E 17th Ave: $60,650.27
720 Logan St: $21,024.70 $81,674.97
ZONING: C-MS-8, Denver LEGAL DESCRIPTION: CLEMENTS ADD B283 L15 to 20 & W/2 VAC ALY ADJ
Uptown Development Site
401 E. 17th Ave & 1720 Logan St Denver, CO 80203
Win King, Broker King Commercial Real Estate
1624 Market Street, Suite 202
Denver, Colorado 80202 Phone: 303.376.6333
Email: [email protected] Website: www.kcredenver.com
The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guaranty it. It is the responsibility of the person receiving this information to independently verify it. This package is subject to change, prior sale, or complete withdrawal.
Ideally situated along the “going home” corridor from downtown to the east Denver neighbourhoods of Uptown, City Park West and City Park South and Park Hill, 401 E 17th Ave offers a great redevelopment opportunity.
With Denver’s 2nd quarter Unemployment Rate just below 10%, strong retail rents and low vacancy the building has value as it stands but, with its land size able to support the 8-story zoning limit, the potential for a mid-rise multi-family development is undeniable.
Close proximity to Capitol Hill, museums & performing arts center, bars, fine dining restaurants, fast food joints, music venues, convenience stores, electric specialty shops and the gold domed Capitol Building.
Uptown Development Site
401 E. 17th Ave & 1720 Logan St Denver, CO 80203
Win King, Broker King Commercial Real Estate
1624 Market Street, Suite 202
Denver, Colorado 80202 Phone: 303.376.6333
Email: [email protected] Website: www.kcredenver.com
The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guaranty it. It is the responsibility of the person receiving this information to independently verify it. This package is subject to change, prior sale, or complete withdrawal.
1 Mile 3 Mile 5 Mile
Population: 55,076 244,043 505,037 Employment: 131,605 276,576 415,394
Own/Rent: 23%/77% 37%/63% 44%/56%
Households: 35,454 125,782 230,945 Median Income: $63,809 $72,788 $70,219
Location Score 98
Walk Score 96
Transit Score 89
Leading into 2020, Denver’s overall employment showed signs of slowing down consistent with the nation but tech jobs continued to grow at an accelerated rate as tech companies expand in the region. While home prices continue to rise our new condominium inventory remains limited and apartment rent growth has tracked alongside construction costs offering insight into what could be its best mixed-use opportunities. Property sold “as is.”
Source: CoStar Group