3,955 sf office, retail, live/work, church property

1427 Elmira Street and 1414 Emporia Street Aurora, CO 80010

1427 Elmira Street and 1414 Emporia Street, Aurora, CO, 80010
1427 Elmira Street and 1414 Emporia Street, Aurora, CO, 80010
FOR SALE
Property Type:
Other Special Purpose
Amount:
$535,000
Last Verified:
Jul 14, 2020

Highlights

  • • Located in the Aurora Opportunity Zone, the Federal Government Opportunity Zone, and the Colorado Enterprise Zone
  • • Part of the Aurora Cultural Arts District (www.auroraculture.org)
  • • 3,955 sf free standing building with 26 total off street parking spaces(22 spaces directly behind the building at 1414 Emporia Street).
  • • Former American Legion Post with some kitchen equipment infrastructure in place
  • • New roof and HVAC (2015), wired for alarm/security, exterior building lights, and bonus basement storage area not included in the building square footage.
  • • Close proximity to the Martin Luther King Jr. Library, Aurora Fox Arts Center and Fletcher Plaza & Community Garden and Downtown Aurora Visual Arts (DAVA)
  • • Zoned OA-MS (allows office, retail, live/work, assisted living, group home, adult/child day care, clubs/lodges, meetings/events/churches, vet clinic, catering, brewpubs, art studio/workshop, medical, liquor store, pawnbroker, marijuana dispensaries and testing, specialty food production and more!)
  • • https://www.auroragov.org/cms/one.aspx?portalId=1881221&pageId=3078236
  • • Click on Unified Development Ordinance NEW! link, page 98 for permitted uses - see under MU-OA, column OA-MS

Description

• Located in the Aurora Opportunity Zone, the Federal Government Opportunity Zone, and the Colorado Enterprise Zone
• Part of the Aurora Cultural Arts District (www.auroraculture.org)
• 3,955 sf free standing building with 26 total off street parking spaces(22 spaces directly behind the building at 1414 Emporia Street).
• Former American Legion Post with some kitchen equipment infrastructure in place
• New roof and HVAC (2015), wired for alarm/security, exterior building lights, and bonus basement storage area not included in the building square footage.
• Close proximity to the Martin Luther King Jr. Library, Aurora Fox Arts Center and Fletcher Plaza & Community Garden and Downtown Aurora Visual Arts (DAVA)
• Zoned OA-MS (allows office, retail, live/work, assisted living, group home, adult/child day care, clubs/lodges, meetings/events/churches, vet clinic, catering, brewpubs, art studio/workshop, medical, liquor store, pawnbroker, marijuana dispensaries and testing, specialty food production and more!)
• https://www.auroragov.org/cms/one.aspx?portalId=1881221&pageId=3078236
• Click on Unified Development Ordinance NEW! link, page 98 for permitted uses - see under MU-OA, column OA-MS

Just half a block south of East Colfax Ave at Elmira Street and Emporia Street.

Building Size: 3955.0sq ft
Building Class: C
Lot Size: 0.26 acres

Map of 1427 Elmira Street and 1414 Emporia Street, Aurora, CO, 80010

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.