1948 Blake StDenver, CO 80202

  • Office properties
  • 6,187 SF
For Sale

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
    $1,692,002
    Hospitality
    $1,549,865
    Educational
    $1,289,469
    Medical
    $1,333,816
    Retail
    $2,005,841
1948 Blake St, Denver, Colorado

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

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
$37,217
$293,700
$186,600
$480,300
-
$1,082,700
$668,800
$1,751,500

FAQs

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