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3158 Larimer Street
Denver, 80205
FOR
SALE
$9,995,000
For Sale
3,251
Sq.Ft.0.43
AcresMLS# 9397015
Listed on site 409 days since August 15th, 2022
Property Details
Rare opportunity for an investor to purchase a mixed used property with redevelopment potential in Downtown's most recognizable street in the Denver RiNo Art District. 18, 711 sq ft corner lot zoned I- MX-3 allows for potential higher density development.Current use is a family owned and operating restaurant. Small billboard sign brings in $2, 000 in rental income a year. Porperty is located within walking distance to some of the best bars, Coors field, restaurants, coffee shops, and nightlife that the city has to offer. Convenient access to both I-70 and I-25 as well as bus and light rail. Ideally suited for apartment complex, condo, office, or hotel project, capturing mountain and city views, restaurant or bar.
Property Highlights
Price
$9,995,000
Property Type
Commercial Sale
Property Sub Type
Retail
Year Built
1972
Acres
0.43
Location
County
Denver
Zoning
I-MX-3
Property Details
Price
$9,995,000
Property Sub Type
Retail
Property Type
Commercial Sale
Building
Structure Type
Free Standing
Total Area
3,251
Interior Features
Area and Spaces
Number of Units
1
Building Details
Construction
Year Built
1972
Materials
Construction Materials
Brick, Wood Frame
Roof
Rolled/Hot Mop
Terms
Commercial
Cap Rate
5.00
Terms
Exclusions
Artwork inside the restaurant, all tenant belongings including restaurant equipment.
Special Terms
Cash, Conventional
Taxes
Tax
Tax (Annual)
$85,342
Heating, Cooling & Utilities
Utilities
Sewer
Public Sewer
Lot
Acres
0.43
Lot Features
Corner Lot
Lot Size
18,711
Lot Size Area Sq Ft
18,711
Parking
Total Parking Spaces
18
Listed by Megastar Realty. Listing Data last updated 27th September, 2023 19:00 MST
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Property History
409 days ago
Property Listed
357 days ago
Date of last price change
15 days ago
Property info last updated
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Listing Data last updated: 27th September, 2023 19:00 MST
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Listed by Megastar Realty
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