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$ 2,500,000
Est. payment /mo
Active
747 Santa Fe DR Denver, CO 80204
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1981393
Style Traditional
HOA Y/N No
Originating Board recolorado
Year Built 1900
Annual Tax Amount $54,228
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Retail
Property Description
Located in the heart of Denver's vibrant Art District on Santa Fe, this property offers an incredible redevelopment opportunity. Currently utilized as studio space with a retail storefront, it features below-market rents and sits in a high-demand area. With zoning allowing for a five-story building, the possibilities are endless—ideal for apartments, condos, or a mix of uses. The first-floor retail space could be converted into retail condos or leased at market rates, adding significant value. The property includes 10 parking spaces in the back, a basement with ramp access, and an existing elevator shaft for easy installation of another elevator. A recently updated fire escape meets all code requirements. Additionally, the strong demand for climate-controlled storage presents another profitable avenue. Currently leased as a showroom and artist studios, this property is primed for increased revenue potential. Financials are available upon request. Schedule a showing today to explore the possibilities!
Location
State CO
County Denver
Zoning C-MS-5
Interior
Fireplace N
Exterior
Total Parking Spaces 10
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Legacy 100 Real Estate Partners LLC • jmweichselbaum@gmail.com,303-888-4900