1390 Logan StDenver, CO 80203

  • Office properties
  • 47,242 SF
For Sale

Property Details for 1390 Logan St

Year built
1965
Construction
STEEL FRAME
Lot size
0.43 AC
Property size (Sq ft)
47,242 SF
Zone code
C-MX-8
Property type
Office properties
Property subtype
Office buildings
APN
05031-07-001-000
APU
503107001000

Description

This exceptional single-tenant office building, located at 1390 Logan Street in Denver County, Colorado, offers a substantial 40,000 square feet of space. Situated on a combined lot totaling 40,638 square feet (comprising two parcels: a 28,131 square foot lot at the southwest corner of 14th Avenue and Pennsylvania Street, and a 12,507 square foot lot at the northeast corner of 14th Avenue and Logan Street), this property presents a significant opportunity. The building's strategic location provides excellent visibility and accessibility. The property is zoned C-MX-8, allowing for a variety of potential uses and development options subject to city approvals. The substantial square footage and expansive lot size make this a rare find in the Denver market. This is an ideal property for a business seeking a large, single-tenant office space with significant potential for future expansion or redevelopment. The property's size and zoning provide flexibility for a wide range of business needs. This is a prime opportunity to acquire a substantial and well-located office building in a thriving Denver neighborhood. Further due diligence is recommended to confirm all zoning and usage information.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,287,285
    6.5%
    $10,419,033
    7%
    $9,674,816
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,405,176
    Geo Method
    $3,903,134
  • Alternative Use

    Use
    Valuation
    Residential
    $12,919,601
    Hospitality
    $11,834,285
    Educational
    $9,845,986
    Medical
    $10,184,604
    Retail
    $15,315,978
1390 Logan St, Denver, Colorado

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7381
Longitude
-104.982
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
$80,443
$1,037,880
$280
$1,038,160
-
$3,750,000
$1,000
$3,751,000

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