1240 Speer BlvdDenver, CO 80204

  • Industrial properties
  • 3,241 SF
For Sale
$1,100,000 View listing

Property Details for 1240 Speer Blvd

Year built
1948
Construction
WOOD
Lot size
0.10 AC
Property size (Sq ft)
3,241 SF
Zone code
D-GT
Property type
Industrial properties
Property subtype
Other warehouses
APN
05034-08-003-000
APU
503408003000

Description

This exceptional 3,003-square-foot creative office space at 1240 Speer Boulevard in Denver, Colorado, presents a unique owner-user opportunity. Currently vacant, this mixed-use property offers significant potential for redevelopment. Built in 1948, the single-story building sits on a 0.1-acre lot and boasts a D-GT zoning designation, allowing for redevelopment up to 25 stories. The asking price is $1,100,000, translating to $366.30 per square foot. The property's versatile layout is suitable for a variety of uses, including retail and industrial applications, making it an ideal location for businesses seeking a blend of storefront and workshop space. Its prime location in Denver's Golden Triangle ensures high visibility and accessibility. The property is currently vacant, providing immediate occupancy for the new owner. This presents a rare chance to acquire a strategically located asset with substantial upside potential in a thriving Denver neighborhood. The property's zoning and size offer significant flexibility for future development and expansion. Don't miss this opportunity to own a piece of Denver's vibrant urban landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $886,339
    Hospitality
    $811,882
    Educational
    $675,476
    Medical
    $698,707
    Retail
    $1,050,740
1240 Speer Blvd, Denver, Colorado

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7361
Longitude
-104.995
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
$26,007
$335,360
$280
$335,640
-
$1,232,000
$1,000
$1,233,000

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