1948 Blake StDenver, CO 80202

Property Details for 1948 Blake St

Year built

1945

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

6,187 SF

Zone code

D-LD

Property type

Office buildings

APN

02279-14-020-000

APU

227914020000

Description

This exceptional 6,187 square foot creative office building at 1948 Blake Street in Denver, Colorado's vibrant Lower Downtown (LoDo) neighborhood presents a unique investment opportunity. Built in 1890, this two-story building sits on a 6,187 square foot lot and boasts a coveted location directly across from Coors Field. The property benefits from the high pedestrian traffic associated with its proximity to the ballpark and numerous surrounding retailers, restaurants, museums, and other attractions. The flexible D-LD zoning allows for a multitude of uses, maximizing the potential for diverse income streams. Its prime location offers unparalleled visibility and accessibility, further enhanced by its proximity to public transportation. An adjacent property at 1962 Blake Street is also available for purchase, presenting a compelling opportunity for expansion or portfolio diversification. This is a rare chance to acquire a historically significant property in one of Denver's most desirable and dynamic locations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,478,228

  6.5%

  $1,364,518

  7%

  $1,267,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,624,631

  Geo Method

  $511,170

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,692,002

  Hospitality / Lodging

  $1,549,865

  Institutional / Educational

  $1,289,469

  Healthcare / Senior Housing

  $1,333,816

  Retail / Commercial

  $2,005,841

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7539

Longitude

-104.994

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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