1955 Arapahoe StDenver, CO 80202

Property Details for 1955 Arapahoe St

Year built

1981

Construction

CONCRETE

Lot size

0.65 AC

Property size (Sq ft)

171,766 SF

Zone code

D-C

Property type

Residential income properties

Property subtype

High-rise multifamily apartments

APN

02345-06-054-000

APU

234506054000

Description

Halcyon House offers exceptional lease opportunities in Denver's vibrant Central Business District, available May 26, 2024. This multi-tenant property features two distinct suites ideal for a variety of businesses. Suite A, a former dentist's office, and Suite B, previously occupied by an industrial sign company, offer flexible spaces ranging from 1,512 to 3,000 square feet. Suite B boasts a recently installed HVAC system, enhancing its appeal. The property's prime location ensures high foot and vehicle traffic, benefiting from its proximity to numerous amenities. These include residential complexes (condos, hotels, and apartments), other office buildings, Coors Field, and the Colorado Convention Center, creating a dynamic and convenient environment. Up to ten off-street parking spaces are included, adding significant value for tenants and their clients. The property is zoned D-C and UO-1, allowing for diverse commercial uses. This is a rare opportunity to secure prime retail or office space in the heart of Denver's bustling CBD.

• CAP approach

  CAP return

  Valuation

  6%

  $50,888,556

  6.5%

  $46,974,052

  7%

  $43,618,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $69,910,688

  Geo Method

  $21,996,526

• Alternative Use

  Use

  Valuation

  Residential

  $46,974,052

  Hospitality

  $43,027,976

  Educational

  $35,798,772

  Medical

  $37,029,948

  Retail

  $55,686,980

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7515

Longitude

-104.991

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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