1301 Pearl StDenver, CO 80210

Property Details for 1301 Pearl St

Year built

1911

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

8,468 SF

Zone code

U-MS-3

Property type

Turn key restaurants

APN

05221-19-029-000

APU

522119029000

Description

This vacant, 8,468-square-foot retail building in Denver, CO, presents a unique value-add investment opportunity. Situated on a 12,450-square-foot lot at the southwest corner of South Pearl Street and East Louisiana Avenue, this two-story, 1911-built property offers significant potential. The U-MS-3 zoning allows for diverse uses, including redevelopment. Its prime location near the University of Denver and the Louisiana & Pearl RTD Light Rail Station ensures high foot traffic. A rare feature in this area is the inclusion of 21 off-street parking spaces. The affluent Platt Park neighborhood boasts over 18,000 residents within a one-mile radius and over 199,000 within three miles, with average household incomes exceeding $179,000 within one mile. The median home value within a 1.5-mile radius is approximately $850,000. This urban infill site presents significant barriers to entry, making it an exceptional investment. The property is fee simple ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $2,164,390

  6.5%

  $1,997,900

  7%

  $1,855,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $727,611

  Geo Method

  $727,611

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,990,880

  Mixed-Use / Specialty

  $1,952,470

  Hospitality / Lodging

  $1,382,600

  Office

  $1,900,980

  Institutional / Educational

  $2,016,100

  Residential Income

  $2,358,830

  Multifamily

  $3,041,390

  Automotive / Energy

  $1,728,080

  Parking / Income-Based Land

  $634,181

  Restaurant / Food Service

  $933,753

  Healthcare / Senior Housing

  $2,041,500

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.6928

Longitude

-104.981

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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