2941 19Th AveDenver, CO 80204

Property Details for 2941 19Th Ave

Year built

1965

Construction

WOOD

Lot size

0.35 AC

Property size (Sq ft)

5,964 SF

Zone code

C-MX-5

Property type

Office properties

Property subtype

Office buildings

APN

02324-06-018-000

APU

232406018000

Description

This exceptional 5,996-square-foot commercial space, located at 2941 W. 19th Ave near 19th and Federal, offers a unique blend of traditional and modern office features. Built in 1956 and extensively renovated in 2016, this single-tenant property boasts energy-efficient LED lighting throughout. The building's layout is currently non-ADA compliant, presenting an opportunity for customization to meet specific tenant needs. The open-concept workspace includes several private offices, a conference room, a kitchenette, and multiple restrooms. A significant advantage is the inclusion of an advanced server room and tech-ready infrastructure, ideal for tech-focused businesses. Ample on-site parking is available, adding convenience for employees and clients. This Class C, two-story building is situated in a thriving business-friendly neighborhood, providing easy access to major roads and local amenities. The lease structure is Triple Net (NNN), offering tenants control over operating costs. This property is perfect for businesses seeking a flexible, modern workspace with the potential to tailor the space to their unique operational requirements. The strategic location and modern amenities make this an attractive opportunity for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,424,948

  6.5%

  $1,315,336

  7%

  $1,221,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,566,074

  Geo Method

  $492,746

• Alternative Use

  Use

  Valuation

  Residential

  $1,631,017

  Hospitality

  $1,494,003

  Educational

  $1,242,993

  Medical

  $1,285,741

  Retail

  $1,933,544

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7468

Longitude

-105.024

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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