225 16Th AveDenver, CO 80203

Property Details for 225 16Th Ave

Year built

1970

Construction

CONCRETE

Lot size

1.73 AC

Property size (Sq ft)

180,660 SF

Zone code

C-MX-12

Property type

Office buildings

APN

02349-37-002-000

APU

234937002000

Description

This exceptional retail opportunity is located at 225 East 16th Avenue in Denver, Colorado, 80203. The property, situated within Denver County, offers a total of 1,178 square feet of ground-floor commercial space currently entirely vacant and available for lease. The space is divisible, with a minimum leasable area of 315 square feet and a maximum contiguous space of 863 square feet, providing flexibility for various business needs. This presents an ideal opportunity for a single tenant seeking a larger space or multiple tenants looking for smaller, more manageable units. The property's location on East 16th Avenue offers excellent visibility and accessibility, making it an attractive location for businesses seeking high foot traffic and convenient access for customers. The building is categorized as a multi-tenant retail property, indicating a vibrant and diverse commercial environment. This listing presents a rare chance to secure prime retail space in a desirable Denver location. The address is easily accessible and benefits from the advantages of being in a well-established commercial area. The 1,178 square feet of vacant space is ready for immediate occupancy. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $43,164,156

  6.5%

  $39,843,836

  7%

  $36,997,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,439,124

  Geo Method

  $14,926,129

• Alternative Use

  Use

  Valuation

  Residential

  $49,406,356

  Hospitality

  $45,255,956

  Educational

  $37,652,424

  Medical

  $38,947,348

  Retail

  $58,570,436

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7422

Longitude

-104.984

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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