2601 W 34th Avenue is an ideal investment or redevelopment opportunity in Denver’s Potter Highland neighborhood. Originally constructed in 1914 and renovated in 1990, this church is a staple to the community. The 11,175 square foot structure is comprised of three floors allowing for abundant space. The church has a beautiful exterior constructed of brick with stained glass windows and grand columns. Once inside, there is a huge open cathedral type setting with a mezzanine space. There is a spacious basement with excellent clear heights and a full commercial kitchen. The property features multiple private office throughout, and a newer HVAC installed. Zoned U-TU-B there is excellent optionality moving forward at this unique asset. This is a residential zoning district that allows for a mix of uses, typically focused on urban residential development. Potential uses include residential such as single-family homes, duplexes or townhomes, limited accessory uses such as home-based businesses, and potential for redevelopment with a higher density. Buyers also have the option of keeping the property as-is and preserve it as a place of worship for the local community.
The Highlands is one of Denver’s trendiest neighborhoods where locals and visitors come for eating, drinking, and entertainment. There are shops, restaurants, and bars lining the busy streets of this coveted neighborhood. Potter Highlands in particular is on the rise. Potter Highlands offers quick and seamless access to Downtown Denver perfect for commuters. The neighborhood is the perfect mix of historic homes with newer developments giving it a distinct feel. There is long term potential for this particular neighborhood because it is community oriented with local parks and rising property values.
Multifamily in this area is a strong performing property type. The area tends to cater to a younger demographic seeking more affordable units than in the city core. Demand has held up in West Denver in the past year. Roughly 9,200 units have been added over the past decade, and another 1,400 units are in the pipeline.