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3759 Chestnut Pl
Denver, CO 80216
Retail Property For Sale

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EXECUTIVE SUMMARY

Rino (River North Arts District) Arts District Prime Redevelopment! Walking Distance from the New World Trade Center and New Light Rail Station or the East Line. Walk a few blocks further in the other direction to the West Line. Hottest New Area in Denver that has tremendous Potential! 1/2 Block Away from the New Denver Greenspace that Denver is Investing a minimum of $20,000,000.00 on Improvements for this 10 Block Stretch of River Prominade. The Property is on Chestnut Place which has been designated a Festival Street by the City and County of Denver. This is a Tremendous Opportunity with Upside as Millions of Dollars are designated for the adjoining Properties and there Development? This is a Business and Property Sale! The Business has one of the Oldest Liquor Licenses in Denver with No Violations. Preliminary Development meetings with the City of Denver presented an Opportunity to Redevelop the Property into a 12 Story Building. Designation of 1st Floor Commercial, and 1-3 Floors of Parking with 8 +/-Floors of Residential up above.
Don't let this Gold Mine of Opportunity get away! See the Additional Documents and Photos. Updated drone footage can be viewed at the following URL: https://www.youtube.com/watch?v=W5dGL9NbHKc

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
12,500 SF
Building Class
C
Year Built
1953
Price
$6,889,000 CAD
Price Per SF
$551.12 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.29 AC
Zoning
I1 - I1
Parking
18 Spaces (1.44 Spaces per 1,000 SF Leased)
Frontage
145’ on 38th St

AMENITIES

  • Commuter Rail
  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2271-09-016
Land Assessment
$969,839 CAD
Improvements Assessment
$392 CAD
Total Assessment
$970,230 CAD
  • Listing ID: 31470742

  • Date on Market: 2024-04-10

  • Last Updated:

  • Address: 3759 Chestnut Pl, Denver, CO 80216

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