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1540 N Emerson St
Denver, CO 80218
Office Property For Sale
Investment Highlights
- Property is currently a shell and 100% vacant.
- Half a block from Colfax Corridor in Capital Hill.
- Favorable tax status.
- Lot size of 14,500 square feet with zoning for 3 stories.
- 29 paved on-site parking spots.
- Large lot 100' x 145'
Executive Summary
This 8,231 SF brick facility has been totally gutted for asbestos removal, which to my knowledge has been completed with full paperwork available. The lot is 14,500 SF with G-RO-3 zoning, which allows residential and office uses in a residential area - up to three stories. Less than one block from Colfax.
A recent death of one of the partners is forcing a quick sale with a substantial price reduction from $1.6 m to $1.1m. Currently the building is in "shell" condition. Current land price is $ 68.96 psf. Attorney's for the deceased owner have authorized a price reduction to $1 million if the Buyer can close in 30 days
A recent death of one of the partners is forcing a quick sale with a substantial price reduction from $1.6 m to $1.1m. Currently the building is in "shell" condition. Current land price is $ 68.96 psf. Attorney's for the deceased owner have authorized a price reduction to $1 million if the Buyer can close in 30 days
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,580 SF
Building Class
C
Year Built
1960
Price
$1,529,297 CAD
Price Per SF
$178.24 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,860 SF
Slab To Slab
10’
Building FAR
0.60
Lot Size
0.33 AC
Zoning
G-RO-3 - GRO-3 General residential and or office up to 3 stories. Building has had a condominium conversion and is two separate parcels,
Parking
29 Spaces (3.38 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $413,619 CAD | |
| Land Assessment | $413,619 CAD | Total Assessment | $552,479 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$413,619 CAD
Improvements Assessment
$413,619 CAD
Total Assessment
$552,479 CAD
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