Location! Location! Location! Office Building 8,586 SF on 20,497 SF parcel (.47 acre) adjacent to RTD West Line, Light Rail Station at 14th & Wadsworth. Within two blocks of buslines and major retail centers and numerous restaurants on W Colfax Ave (Hwy 40), i.e. Walmart, Home Depot, 40 West Arts District Galleries, etc. Approx 12 minutes to Downtown. Walk score: 79. Bike score: 83.
M-C-T zoning allows many uses including offices, medical, retail, club/lodge, community building, mixed use, adaptive reuse (apartments)....
2-story masonry building with 29 park spaces (3.75/1000), asphalt parking lot. YOC: 1964; Renovated/remodeled 2018. Single or multi-tenant. Roof
Updating/Replacements: all windows, flooring, electrical panels, lighting & restrooms to energy efficient; membrane roof ~2015. Elevator (currently non-working).
Located in State/Jeffco Enterprise Zone, Opportunity Zone and W Colfax Reinvestment Area (Urban Renewal). The property can use a Denver, CO address.
REDEVELOPMENT - FUTURE/CURRENT UPSIDE POTENTIAL: TOD ZONING for redevelopment to 8 stories multi-family or mixed use, with possible City/State tax and loan incentives.
Possible Seller Carry Financing: new 1st loan - rate and terms to be determined. Competitively priced at $1,296,000 or $151/SF.