821 17Th StDenver, CO 80202

  • Office properties
  • 116,665 SF
For Lease

Property Details for 821 17Th St

Year built
1965
Construction
CONCRETE
Lot size
0.36 AC
Property size (Sq ft)
116,665 SF
Zone code
D-C
Property type
Office properties
Property subtype
Office buildings
APN
02345-17-029-000
APU
234517029000

Description

This exceptional 2,000 square foot retail space, located at 821 17th Street in Denver, Colorado's vibrant central business district, presents a unique investment opportunity. Situated within a larger 18,000 square foot building, this single-tenant space is perfectly suited for a café or similar establishment. Its prime location in Denver County, zip code 80202, offers unparalleled access to a high volume of foot traffic and is surrounded by several nationally recognized hotels, ensuring a steady stream of potential customers. The space is currently vacant and ready for immediate occupancy. The address, 821 17th Street, places the property in the heart of downtown Denver's bustling commercial core. This presents a significant advantage for businesses seeking high visibility and convenient access for customers. The flexible layout of the 2,000 square feet allows for creative design and efficient use of space, making it ideal for a concept that could transition from morning coffee service to an evening wine bar or cocktail lounge. This property offers a rare chance to establish a thriving business in one of Denver's most desirable locations. The building itself totals 18,000 square feet, providing ample space and potential for future expansion or synergy with other tenants. This is a truly remarkable opportunity to secure a foothold in the heart of Denver's dynamic commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $27,874,162
    6.5%
    $25,729,996
    7%
    $23,892,138
  • Comparable approach

    Method
    Valuation
    Relative Method
    $30,634,814
    Geo Method
    $9,638,862
  • Alternative Use

    Use
    Valuation
    Residential
    $31,905,194
    Hospitality
    $29,224,986
    Educational
    $24,314,846
    Medical
    $25,151,070
    Retail
    $37,823,092
821 17Th St, Denver, Colorado

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7475
Longitude
-104.992
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$475,776
$1,522,000
$4,618,150
$6,140,150
-
$5,485,200
$16,552,500
$22,037,700

FAQs

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