747 Santa Fe Dr Denver, CO 80204

This exceptional 15,000-square-foot retail property, situated on a 0.2-acre lot at 747 Santa Fe Drive in Denver, Colorado, presents a compelling redevelopment opportunity. Currently utilized as a showroom and artists' studios, the property boasts significant upside potential due to its prime location within Denver's vibrant Art District. The existing structure offers 10 rear parking spaces and convenient basement access via a ramp. A functional elevator shaft is already in place, allowing for the straightforward installation of an additional elevator. The property's zoning permits the construction of a five-story building, ideal for a mixed-use development incorporating residential units (apartments or condos) and retail space. The first floor's retail area could be repurposed into retail condos or maintained for rental income. The existing building's layout presents a low-cost conversion opportunity for climate-controlled indoor storage, a highly sought-after use in this area. A recently updated fire escape ensures compliance with current safety codes. The current rental income is significantly below market value, highlighting the substantial potential for increased profitability following redevelopment. This property represents a rare chance to capitalize on a prime location and a versatile building in a rapidly growing Denver neighborhood. Priced at $2,500,000.