2240 Blake StDenver, CO 80205

Property Details for 2240 Blake St

Year built

1979

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

13,024 SF

Zone code

C-MX-8

Property type

Office buildings

APN

02279-02-011-000

APU

227902011000

Description

This exceptional two-story, 13,024 square foot mixed-use building at 2240 Blake Street in Denver's vibrant Ballpark neighborhood presents a compelling owner-user opportunity. Currently 73% occupied, the property boasts a Class A build-out featuring exposed brick, polished concrete floors, skylights, and massive wood beams, creating an impeccable modern aesthetic. The first floor includes a thriving café tenant, while approximately 3,171 square feet of space on the first floor is immediately available for occupancy or lease. Built in 1923 and extensively renovated in 2013, the building benefits from an elevator and stairs, and is free of deferred maintenance. The property's C-MX-8 zoning provides significant upside potential for future redevelopment or expansion. Its location within the Ballpark neighborhood, adjacent to Coors Field and surrounded by popular restaurants and retailers (including Cherry Cricket and Guiry's), ensures high visibility and strong rental demand. The Ballpark location also offers advantages over other downtown areas, including exemption from LoDo Design Review board regulations and the 55-foot height restriction. Adjacent parking is available, and the building offers excellent signage opportunities. The current lease rates are at market value, and the Ballpark submarket consistently outperforms downtown Denver in rental rates and occupancy. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,111,756

  6.5%

  $2,872,391

  7%

  $2,667,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,419,944

  Geo Method

  $1,076,043

• Alternative Use

  Use

  Valuation

  Residential

  $3,561,764

  Hospitality

  $3,262,557

  Educational

  $2,714,409

  Medical

  $2,807,762

  Retail

  $4,222,414

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7566

Longitude

-104.991

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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