3500 Chestnut PlDenver, CO 80216

Property Details for 3500 Chestnut Pl

Year built

2021

Construction

STEEL FRAME

Lot size

0.42 AC

Zone code

IMX

Property type

Office properties

Property subtype

Office buildings

APN

02271-11-038-000

APU

227111038000

Description

This exceptional Denver commercial property, located at 3500 Chestnut Place in the vibrant RiNo Art District, offers a unique blend of retail, restaurant, and office spaces. Situated directly across from the RiNo Art Park and along the RiNo Promenade, this location boasts unparalleled accessibility via public transit. The property features multiple tenancy options, catering to a variety of business needs. Several retail and restaurant-ready spaces are available, each presenting a compelling opportunity for businesses seeking a high-visibility location within a thriving community. Competitive lease rates and attractive tenant improvement packages are offered to incentivize occupancy. A particularly noteworthy feature is the availability of a fifth-floor space, ideal for a restaurant or retail establishment, complete with a private terrace offering stunning views. This property benefits from the proximity to over 92 residential units within the building, and more than 3,000 additional residential units nearby, ensuring a robust customer base. The property is classified as Traditional Office and Retail, within Denver County, Colorado, and has a zip code of 80216. This is a rare opportunity to establish a presence in one of Denver's most dynamic and sought-after neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $4,396,216

  6.5%

  $4,058,046

  7%

  $3,768,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,831,617

  Geo Method

  $1,520,208

• Alternative Use

  Use

  Valuation

  Residential

  $5,031,977

  Hospitality

  $4,609,264

  Educational

  $3,834,853

  Medical

  $3,966,740

  Retail

  $5,965,328

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7717

Longitude

-104.98

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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