1480 Arapahoe St - Apartments CONDO FOR SALE


Denver, CO 80202- Center City | 
$3,999,999 USD
720-990-9349
1480 Arapahoe St, Denver, CO for Sale
$3,999,999 USD
Apartments CONDO - FOR SALE
1/17
null | Request Cap Rate

1480 Arapahoe St
Denver, CO 80202
Center City


HIGHLIGHTS

  • Prime corner location in Brooks Tower with street frontage on 15th and Arapahoe
  • Fully renovated in 2021 for modern retail use
  • Anchored by national brands: Ace Hardware and Pet Supplies Plus
  • Over 11,100 SF of combined retail space
  • Surrounded by dense residential, office, and entertainment foot traffic

OVERVIEW

Exceptional opportunity to acquire a fully renovated, dual-branded retail condominium in the heart of downtown Denver — with significant redevelopment upside. Located on the street level of the iconic 42-story Brooks Tower, this 11,164-square-foot commercial space is home to two nationally recognized tenants: Ace Hardware and Pet Supplies Plus. Beyond its stable retail income, the space presents a compelling conversion opportunity: the open, flexible floor plate could potentially be reconfigured into as many as 12 work/live condominium units. Because the units are already part of the Brooks Tower condominium association, a buyer pursuing conversion would be working within an existing, established condominium regime rather than creating one from scratch — and each resulting unit would enjoy the full benefit of Brooks Tower HOA amenities and services. Positioned at the high-traffic intersection of 15th and Arapahoe Streets, the property benefits from strong visibility, heavy pedestrian foot traffic, and immediate proximity to the Denver Center for the Performing Arts, 16th Street Mall, and numerous residential high-rises, hotels, and office towers. The space was completely converted in 2021 from prior restaurant use to a modern retail layout with open flow, polished concrete floors, LED lighting, sealed concrete, acoustic ceilings, and two sets of restrooms. The businesses currently share an open concept without a demising wall, allowing flexible use and future adaptability — a layout well suited to phased buildout or multi-unit subdivision. Brooks Tower features 566 residential units above, as well as access to light rail, bus routes, and major arterials including I-25 and Colfax. Zoning (D-TD – Downtown Theatre District) supports a vibrant mix of commercial, entertainment, and residential uses. This is an ideal asset for investors seeking stable tenancy in a trophy downtown location, developers exploring a work/live condo conversion, or owner-users looking to enter one of Denver's most walkable and dynamic neighborhoods. Highlights: Fee Simple Ownership 11,164 SF Retail Condominium Potential Conversion to up to 12 Work/Live Condos Already Part of the Brooks Tower Condominium Association Fully Renovated in 2021 Corner Unit with Dual Frontage Surrounded by Dense Residential and Office Demand Strong National Tenants in Place

FOR SALE DETAILS

PRICE

$3,999,999 USD

PRICE/SF

$358 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

99%

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

1020 15th St - Retail/Office/Condo/Resturaunt

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

645,000 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

D-TD

APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

Nikan AzarColorado Hospitality Services, Inc.More Info
720-990-9349

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Nikan AzarColorado Hospitality Services, Inc.More Info
720-990-9349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.