1516 Blake StDenver, CO 80202

Property Details for 1516 Blake St

Year built

1930

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

5,250 SF

Zone code

D-LD

Property type

Office buildings

APN

02331-15-029-000

APU

233115029000

Description

This exceptional 4,650 square foot storefront at 1516 Blake Street in Denver, Colorado, presents a unique owner-user investment opportunity. The property is offered at $2,200,000 and boasts a versatile floor plan ideal for a small business owner seeking a live-work arrangement. The building is a two-story structure, including a basement, offering ample space for various business needs. The main floor encompasses a generous 3,150 square feet, while the second floor provides an additional 1,500 square feet of usable space. This flexible layout allows for customization to suit a wide range of business operations. Located in the desirable lower downtown area, the property benefits from the generous D-LD zoning designation, opening up possibilities for diverse uses. The address is 1516 Blake Street, Denver, CO 80202. The net rentable square footage is 4,650 square feet. This is a for-sale-by-owner property. This presents a rare chance to acquire a well-situated, substantial commercial property in a thriving Denver neighborhood. Don't miss this chance to own a piece of Denver's vibrant urban landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,421,600

  6.5%

  $1,312,250

  7%

  $1,218,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,378,590

  Geo Method

  $433,755

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,543,500

  Retail / Commercial

  $1,312,130

  Mixed-Use / Specialty

  $1,313,620

  Hospitality / Lodging

  $971,801

  Institutional / Educational

  $1,367,840

  Residential Income

  $1,600,380

  Multifamily

  $1,885,180

  Automotive / Energy

  $1,172,440

  Parking / Income-Based Land

  $398,495

  Restaurant / Food Service

  $696,401

  Healthcare / Senior Housing

  $1,340,760

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7497

Longitude

-105

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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