1940 Bannock StDenver, CO 80223

  • Manufacturing properties
  • 2,426 SF
For Sale
$12,000,000 View listing

Property Details for 1940 Bannock St

Year built
1954
Construction
STEEL FRAME
Lot size
0.14 AC
Property size (Sq ft)
2,426 SF
Zone code
I-A
Property type
Manufacturing properties
APN
05272-02-024-000
APU
527202024000

Description

This exceptional 6,250 square foot lot, located at 1940 South Bannock Street in Denver, Colorado, presents a compelling investment opportunity. The property features a 2,425 square foot building situated on a 50' x 125' lot, currently zoned I-A. The asking price is $12,000,000, translating to $1,920 per square foot. Built in 1954, this single-story structure offers significant potential for redevelopment or renovation. Its prime location is adjacent to the 278-unit Hanover Evans Station apartment complex, placing it within easy walking distance of the Evans Station Light Rail, a key component of the area's Transit-Oriented Development (TOD) redevelopment. The property's proximity to this high-density residential neighborhood makes it ideal for a variety of retail uses, including but not limited to, a bar, restaurant, or other retail service establishment. The annual property taxes are $9,653.78. The potential for a larger land assemblage exists, adding further value to this already attractive investment. This property represents a unique chance to capitalize on the growth and revitalization of the Overland neighborhood. The property is classified as Class C and is currently used as an auto shop, convenience store, and storefront.

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.6813
Longitude
-104.99
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
$9,869
$61,050
$66,320
$127,370
-
$218,800
$237,700
$456,500

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