Investment Opportunity
2815 N. Downing Street
Denver, CO 80205
FOR SALE
Property Type:
Street RetailAmount:
$1,695,000
Last Verified:
Mar 18, 2022Highlights
- Current Income $70,067 with 3% Increases Each Year
- Great Neighborhood Infill Opportunity
- Potential Redevelopment Opportunity
- Five Story Zoning
- High Visible Location
Description
Infill Investment opportunity for sale located in the popular Whittier/RINO/Five Points neighborhood. This property is zoned C-MX-5, allowing for five stories, making this location ideal for a Developer. These neighborhoods are some of the more desirable areas in Denver, surrounded by new development projects and numerous restaurants and bars including Dunbar Kitchen & Tap House, Goed Zurr, Whittier Pub, Rosenberg's Bagels & Delicatessen, Spangalang Brewery and much more.
The property currently has two tenants, Town Liquors and Town Grocery. Town Liquor's lease expires in June 2022, and has (1) Five year market renewal option. Town Grocery's lease expires in April 2024, and has (1) Five year market renewal option as well.
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Year Built: 1962
Building Size: 6546sq ft
Lot Size: 6660.0 acres