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1928 E 18th Ave 1,897 SF Office Building Denver, CO 80206 $835,288 CAD ($440.32 CAD/SF) 7.07% Cap Rate
Investment Highlights
- Centrally located with easy access to Downtown, the Capitol, St. Joseph Hospital, City Park
- Potential conversion to multi-family residential as allowed in G-RO-3 zoning.
- Walkable neighborhood setting with proximity to cultural events and dining venues.
Executive Summary
PRICE REDUCED another $50K in at the end of May - now priced at $599K!
This historical building was built in 1908, as a residential home. It was converted to a
commercial office building, prior to the early 1980s, when it was purchased by the current owner. The facility consists of 2,302 sq. ft. on a 2,700 sq. ft. (0.062 acre) lot per Assessor’s site. The
lot includes fencing, and signage. The building contains 6 offices and 2 bathrooms, with lots of storage space.
Parking includes spaces, with ample 2-hour client parking across the street.
This historical building was built in 1908, as a residential home. It was converted to a
commercial office building, prior to the early 1980s, when it was purchased by the current owner. The facility consists of 2,302 sq. ft. on a 2,700 sq. ft. (0.062 acre) lot per Assessor’s site. The
lot includes fencing, and signage. The building contains 6 offices and 2 bathrooms, with lots of storage space.
Parking includes spaces, with ample 2-hour client parking across the street.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,897 SF
Building Class
B
Year Built
1908
Price
$835,288 CAD
Price Per SF
$440.32 CAD
Cap Rate
7.07%
NOI
$59,052 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,170 SF
Slab To Slab
9’
Building FAR
0.73
Lot Size
0.06 AC
Zoning
G-RO-3 - G-RO-3, Property Type: Commercial-Office
Amenities
- Storage Space
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 2355-17-027 | Improvements Assessment | $100,777 CAD |
| Land Assessment | $100,777 CAD | Total Assessment | $272,540 CAD |
Property Taxes
Parcel Number
2355-17-027
Land Assessment
$100,777 CAD
Improvements Assessment
$100,777 CAD
Total Assessment
$272,540 CAD
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1928 E 18th Ave
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