1940 Bannock St Denver, CO 80223

This exceptional 6,250 square foot lot, located at 1940 South Bannock Street in Denver, Colorado, presents a compelling investment opportunity. The property features a 2,425 square foot building situated on a 50' x 125' lot, currently zoned I-A. The asking price is $12,000,000, translating to $1,920 per square foot. Built in 1954, this single-story structure offers significant potential for redevelopment or renovation. Its prime location is adjacent to the 278-unit Hanover Evans Station apartment complex, placing it within easy walking distance of the Evans Station Light Rail, a key component of the area's Transit-Oriented Development (TOD) redevelopment. The property's proximity to this high-density residential neighborhood makes it ideal for a variety of retail uses, including but not limited to, a bar, restaurant, or other retail service establishment. The annual property taxes are $9,653.78. The potential for a larger land assemblage exists, adding further value to this already attractive investment. This property represents a unique chance to capitalize on the growth and revitalization of the Overland neighborhood. The property is classified as Class C and is currently used as an auto shop, convenience store, and storefront.