1111 Pierce StDenver, CO 80232

  • Industrial properties
  • 7,134 SF
For Sale
$960,000 View listing

Property Details for 1111 Pierce St

Year built
1984
Construction
STEEL FRAME
Lot size
0.82 AC
Property size (Sq ft)
7,134 SF
Property type
Industrial properties
Property subtype
Life science properties
APN
49-231-01-022
APU
4923101022

Description

This 7,134 square foot multi-use property located at 1111 S. Pierce St, Denver, CO 80232, presents a unique value-add investment opportunity. Situated on a 0.82-acre lot at a hard corner, this building boasts 28 parking spaces and is zoned M-N-U (Lakewood). Built in 1984, the property currently functions as two independent recording studios, each designed for optimal acoustics, along with approximately 2,300 square feet of office/retail showroom space. Its adaptable layout offers significant potential for various uses, including daycare, restaurant, or executive office space. The property's location, approximately half a mile from S. Wadsworth Blvd and W. Mississippi Ave, provides excellent visibility and accessibility. The existing structure offers buyers the advantage of pre-existing acoustically treated space and enhanced security features. This property is ideal for owner-users seeking specialized space or investors/developers looking to capitalize on its versatile zoning and prime location in Denver, Colorado. The asking price is $960,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,714,162
    Hospitality
    $1,570,163
    Educational
    $1,306,357
    Medical
    $1,351,285
    Retail
    $2,032,111
1111 Pierce St, Denver, Colorado

Location Insight

City
Lakewood
County
Jefferson
State
Colorado
Latitude
39.6956
Longitude
-105.073
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
$29,527
$49,675
$273,938
$323,613
-
$178,045
$1,011,855
$1,189,900

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