1571 Race Street
Denver, CO 80206

Description

Amazing City Park West Denver Victorian home impeccably maintained with historic wood work, fireplaces and charm on a great block, hugging both Colfax & 17th Ave Restaurant Row. Huge 6,661 sq.ft. G-RO-3 Zoned Lot with huge income potential. 7 marked user-friendly Race Street private fenced and driveway accessed PARKING behind the building. Main floor has 2 spacious offices with 'dining' area & front room that could serve as reception/waiting area or simply another office plus XL copier/storage room. Upstairs has 4 offices, one with an enclosed sunroom. Finished basement has 1000 sq ft. finished usable space with private SIDE entrance that could be leased as hourly/daily conference space or could be a separate tenant all together for higher income potential. Every floor is served with a bathroom. Currently owner uses entire main floor so there is immense potential to increase income. Projected cap rate as an investment owner is 7%. This special and unique property is a rare find!

Details

MLS#4950711
StyleIndustrial
Sub-TypeResale
StatusUnder Contract
Year1908
Days On Site32

Features

SQ Feet3,109
Story(s)1
Units7
ZoningG-RO-3

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80206
AreaDenver
Listing VS Median (in 80206)
Price:
$800,000
low | high
Med:
$755,000
55.625% of Average
SqFt:
3,109
low | high
Med:
2,256
77.436474750724% of Average
$ / SqFt:
$257
low | high
Med:
$335
19.941544769504% of Average
On Site:
32
low | high
Med:
399
8.020050125313% of Average
Listing Updated: 07/14/2019
MLS Number: 4950711
Listing Provided By:
Brittany Loan  of  CJV Real Estate
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