For Sale
$2,350,000

3870 Elm StDenver, CO 80207

14,500 SF Warehouse, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
This Denver, CO industrial property offers a compelling investment opportunity. The 14,500 square foot Class C warehouse, built in 1961, sits on a 0.52-acre lot and features four loading docks, 12-foot ceilings, and floor drains. Currently 100% occupied by two tenants, with one lease expiring March 31, 2025 (6,000 SF, currently leased 25% below market), and the other on a month-to-month basis (8,500 SF, currently leased 20% below market). The property boasts a strong NOI of $93,900 and is zoned I-MX-3. Additional features include a fenced yard (over 2,500 SF), multiple drive-in doors (one 8'x9', one 12'x10', and two 9'x9'), and a dock platform. The asking price is $2,350,000 ($162.07/SF), with potential for owner financing. The 8,500 SF space could be available to an owner-user within 30 days. This is an excellent opportunity for an owner-user seeking immediate income potential or an investor looking for a strong return. The property is located at 3870-3880 Elm Street, Denver, CO 80207.

Highlights

  • 2,500 SF fenced yard.
  • Two drive-in bays (8' x 9' and 12' x 10'), plus two additional 9' x 9' drive-in bays.
  • Warehouse features floor drains.
  • Exterior dock platform.
  • Owner financing may be available.
  • 6,000 SF currently leased through March 2025.

Property Details for 3870 Elm St

Property type
Warehouses, Industrial properties
Square Feet
14,500 SF
Class
C
Year Built
1961
Buildings
1
Stories
1
Lot Size (sq. ft)
22,651 SF
Units
2

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.770956220229
Longitude
-104.92935990172
3870 Elm St, Denver, Colorado

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3870 Elm St
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