1500 Grant St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1500 Grant St
41,144 SF Office Building Denver, CO 80203 $6,500,000 ($158/SF)
Virtual Tour
Investment Highlights
- Dynamic four-story, 41,144-SF office building built in 1976 and renovated in 1995 with modern finishes and prominent visibility in Downtown Denver.
- Advantageously priced below replacement costs, allowing a savvy investor immense opportunities as a value-add or redevelopment opportunity.
- Lined with floor-to-ceiling windows on each level, letting in ample natural lighting, accompanied by captivating picturesque mountain views.
- In a walker’s paradise at the signalized corner lot of Colfax Avenue and Grant Street, directly adjacent to the State Capitol Building.
- Beneficial C-MS-8 zoning permitting up to eight stories at the 0.71-acre site with seamless access via multiple ingress and egress points.
- Walking distance to Civic Center Station, with excellent transit accessibility via Denver’s reliable bus and light rail public transportation systems.
Executive Summary
Strategically situated on the unmissable corner lot of Colfax Avenue and Grant Street, 1500 Grant Street is a highly visible four-story office building with a basement in the heart of Downtown Denver, Colorado. Delivered in 1976 and renovated in 1995, 1500 Grant Street stands prominently at 41,144 square feet with unique characteristics accompanied by modernized finishes. The property features monument and building signage, an impressive lobby with reception, spacious presentation and conference rooms, executive offices, and collaborative workspaces. There are two new boilers and a water heater pump installed in 2021, and a reliable roof with about 10 more years of remaining life. The building is lined with floor-to-ceiling windows, allowing ample natural lighting and providing stunning views of the Colorado State Capitol Building, downtown, and picturesque mountains.
1500 Grant Street is conveniently positioned within both a walker’s paradise and excellent transit accessibility via its sought-after proximity to Denver’s bus and light rail public transportation systems. The building is set on a 0.71-acre lot with multiple ingress and egress points paired with 63 on-site parking spaces, including covered parking. The acreage is zoned C-MS-8, permitting up to a total of eight stories to be built on the site, doubling the size of the current asset.
Nestled in the Capitol Hill neighborhood bordered by Broadway, Downing Street, and Colfax and Seventh Avenues, the property is beneficially located within a heavily trafficked destination. The building is located just southeast of Denver's Central Business District in a well-established residential neighborhood, with commercial centers located along major traffic routes. 1500 Grant Street is surrounded by a growing population of more than 244,000 residents within a 3-mile radius. These residents have a generous average household income of about $109,000 and spend more than $4.1 billion in the community annually.
This acquisition offers an investor the ability to take a premier asset and utilize its value-add opportunities to produce exceptional revenue or completely transform the building into a brand-new and larger landmark. 1500 Grant Street is the epitome of optionality in a desirable location primed for a plethora of business uses.
The seller is willing to vacate the building for a full building user or redevelopment.
1500 Grant Street is conveniently positioned within both a walker’s paradise and excellent transit accessibility via its sought-after proximity to Denver’s bus and light rail public transportation systems. The building is set on a 0.71-acre lot with multiple ingress and egress points paired with 63 on-site parking spaces, including covered parking. The acreage is zoned C-MS-8, permitting up to a total of eight stories to be built on the site, doubling the size of the current asset.
Nestled in the Capitol Hill neighborhood bordered by Broadway, Downing Street, and Colfax and Seventh Avenues, the property is beneficially located within a heavily trafficked destination. The building is located just southeast of Denver's Central Business District in a well-established residential neighborhood, with commercial centers located along major traffic routes. 1500 Grant Street is surrounded by a growing population of more than 244,000 residents within a 3-mile radius. These residents have a generous average household income of about $109,000 and spend more than $4.1 billion in the community annually.
This acquisition offers an investor the ability to take a premier asset and utilize its value-add opportunities to produce exceptional revenue or completely transform the building into a brand-new and larger landmark. 1500 Grant Street is the epitome of optionality in a desirable location primed for a plethora of business uses.
The seller is willing to vacate the building for a full building user or redevelopment.
Sale Flyer
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
41,144 SF
Building Class
B
Year Built/Renovated
1976/1995
Price
$6,500,000
Price Per SF
$158
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
11,120 SF
Building FAR
1.33
Land Acres
0.71 AC
Zoning
C-MS-8 - Zoning allows development up to eight (8) stories.
Parking
62 Spaces (1.51 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Atrium
- Basement
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Biker's Paradise (96)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
54,035
234,585
498,707
2024 Population
57,772
242,841
501,254
Population Growth '20-'24
6.9%
3.5%
0.5%
2020 Households
34,024
125,347
234,705
2024 Households
36,336
129,683
236,506
Household Growth '20-'24
6.8%
3.5%
0.8%
Average Age
38
38
38
Median Household Income
$73,195
$87,814
$83,543
Daytime Employees
120,508
260,508
398,515
Total Businesses
10,458
26,724
43,155
College Degree + Higher
59%
61%
53%
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Tasty Thai LLC | Thai | $$$ | 2 min walk |
| Pho-natic | Vietnamese | $ | 1 min walk |
| Shish Kabob Grill Inc | Middle Eastern | $$$ | 1 min walk |
| McDonald's | - | - | 3 min walk |
| Domino’s | - | - | 6 min walk |
| Starbucks | Cafe | $ | 8 min walk |
| Wendy's | - | - | 7 min walk |
| Noodles & Company | - | - | 8 min walk |
| Potbelly | - | - | 8 min walk |
Retail |
||
|---|---|---|
| Banfield Pet Hospital | Animal Care/Groom | 5 min walk |
| CorePower Yoga | Fitness | 5 min walk |
| 7-Eleven | Convenience Market | 6 min walk |
| Ymca | Fitness | 6 min walk |
| Natural Grocers | Supermarket | 5 min walk |
| FedEx Office | Business/Copy/Postal Services | 7 min walk |
| Wells Fargo | Bank | 6 min walk |
| Orangetheory Fitness | Fitness | 6 min walk |
| Bank of America | Bank | 7 min walk |
| KeyBank | Bank | 8 min walk |
Hotels |
|
|---|---|
| AC Hotels by Marriott |
223 rooms
14 min walk
|
| Hampton by Hilton |
120 rooms
12 min walk
|
| Sonesta Hotel |
380 rooms
11 min walk
|
| Warwick Hotel |
216 rooms
7 min walk
|
| Sheraton Hotel |
1,238 rooms
8 min walk
|
| Hilton Garden Inn |
221 rooms
13 min walk
|
| Homewood Suites by Hilton |
182 rooms
12 min walk
|
| Hyatt House |
113 rooms
12 min walk
|
| Tapestry Collection by Hilton |
251 rooms
15 min walk
|
PROPERTY TAXES
| Parcel Number | 2349-27-019 | Improvements Assessment | $1,097,200 |
| Land Assessment | $1,283,230 | Total Assessment | $2,380,430 |
PROPERTY TAXES
Parcel Number
2349-27-019
Land Assessment
$1,283,230
Improvements Assessment
$1,097,200
Total Assessment
$2,380,430
Sale Advisors
Sale Advisors
Jason Bollhoefner, Partner
(303) 395-0116
Contact
Jason Bollhoefner has over 20 years of experience in the Denver Commercial Real Estate market and has successfully completed over 650 lease and sale/purchase transactions. Since the inception of his career, Jason has personally negotiated and completed leases totaling over 3 million square feet. His clients value his exceptional abilities as a tenacious negotiator who recognizes the key pressure points involved in every leasing transaction, for both the tenants and the landlords he represents. It is the merger of his understanding of tenants’ operational and economic needs with his knowledge of landlord requirements and sensitivities that provides his clients with the utmost value.
Jason has established himself as an expert relative to office needs in the Denver metro area. His hands-on experience over the tenure of his career, relative to the underwriting, acquisition, re-development, and disposition of commercial property provides valuable insight to prospective asset purchasers of commercial property.
Jason in involved with University of Colorado Real Estate Council, Colorado Chapter of NAIOP and Denver Metropolitan Commercial Association of Brokers and was a finalist for Top Small Office Broker in 2011.
Jason has established himself as an expert relative to office needs in the Denver metro area. His hands-on experience over the tenure of his career, relative to the underwriting, acquisition, re-development, and disposition of commercial property provides valuable insight to prospective asset purchasers of commercial property.
Jason in involved with University of Colorado Real Estate Council, Colorado Chapter of NAIOP and Denver Metropolitan Commercial Association of Brokers and was a finalist for Top Small Office Broker in 2011.
Tanner Mason, Managing Broker
(303) 395-0112
Contact
Tanner Mason is Co-Founder and Managing Broker at Benchmark Commercial. He has over 2 decades of experience in the Denver commercial real estate market and has successfully completed hundreds of lease and sale/purchase transactions and build to suit projects.
Starting his career as a listing and tenant broker, he has the knowledge of both sides of the transaction and understands how and what each side sees, therefore planning and thinking further down the path of a project and determining the proper path moving forward. His clients value his exceptional abilities to simplify the complicated and connecting the dots with relationships and needs in every transaction. Tanner specializes in manufacturing, industrial and office sectors and has established himself as an expert in the Denver metro area. His breadth of knowledge encompasses build to suits, acquisition, multi property development and investment assets, sales, new leases and lease renewals, providing valuable insight to commercial clients. Tanner is a licensed Colorado Real Estate Managing Broker, member of the Denver Metropolitan Commercial Association of Brokers, is the President of the Denver Advisory Board, Past President of the Front Range Chapter of Strategic Connections, is an assistant Scout Master for both boys Scout Troops, is a proud Eagle Scout and was a top 10 finalist in the 2019 Top Small-Office Broker. Tanner and his wife mentor engaged couples through their church and have one daughter, two sons, and a black lab. Past involvement includes board positions in Denver Active 20/30, Brokers Benefiting Kids, and CoreNet. Benchmark Commercial has been in the top 25 brokerage firms in the Denver Business Journal the past several years running. Benchmark is a supporter and member of Jeffco EDC, sponsor of CompanyWeek and is a shareholder in Exis Global, an international tenant and buyer rep strategic partner organization. Tanner is a graduate of Kansas State University, Go Cats! with a Marketing and International Business Degree with a Minor in Economics. He began his career in commercial real estate at Frederick Ross, now Newmark, then to Rare Space prior to founding Benchmark Commercial in 2013. Since then, he has focused on Occupier Services working with users of commercial office and industrial property in an entrepreneurial environment at Benchmark Commercial. Representative clients include Yeti Cycles, Stanley Steemer, Footers Catering, Serpentix, 360 Engineering, Charles Schwab, BOLD Legal, Essential Decisions Inc., Wibby Brewing, Crooked Stave Brewing, Rising Sun Distillery, Built Construction, Sleeping Giant Brewing, Via Mobility, Sheffield Metals, and Symmetry Energy. Tanner is a Colorado outdoor guy and is passionate for skiing and snowboarding, mountain, road and gravel cycling, and endurance car racing with sanctioning bodies ChampCar and World Racing League.
Starting his career as a listing and tenant broker, he has the knowledge of both sides of the transaction and understands how and what each side sees, therefore planning and thinking further down the path of a project and determining the proper path moving forward. His clients value his exceptional abilities to simplify the complicated and connecting the dots with relationships and needs in every transaction. Tanner specializes in manufacturing, industrial and office sectors and has established himself as an expert in the Denver metro area. His breadth of knowledge encompasses build to suits, acquisition, multi property development and investment assets, sales, new leases and lease renewals, providing valuable insight to commercial clients. Tanner is a licensed Colorado Real Estate Managing Broker, member of the Denver Metropolitan Commercial Association of Brokers, is the President of the Denver Advisory Board, Past President of the Front Range Chapter of Strategic Connections, is an assistant Scout Master for both boys Scout Troops, is a proud Eagle Scout and was a top 10 finalist in the 2019 Top Small-Office Broker. Tanner and his wife mentor engaged couples through their church and have one daughter, two sons, and a black lab. Past involvement includes board positions in Denver Active 20/30, Brokers Benefiting Kids, and CoreNet. Benchmark Commercial has been in the top 25 brokerage firms in the Denver Business Journal the past several years running. Benchmark is a supporter and member of Jeffco EDC, sponsor of CompanyWeek and is a shareholder in Exis Global, an international tenant and buyer rep strategic partner organization. Tanner is a graduate of Kansas State University, Go Cats! with a Marketing and International Business Degree with a Minor in Economics. He began his career in commercial real estate at Frederick Ross, now Newmark, then to Rare Space prior to founding Benchmark Commercial in 2013. Since then, he has focused on Occupier Services working with users of commercial office and industrial property in an entrepreneurial environment at Benchmark Commercial. Representative clients include Yeti Cycles, Stanley Steemer, Footers Catering, Serpentix, 360 Engineering, Charles Schwab, BOLD Legal, Essential Decisions Inc., Wibby Brewing, Crooked Stave Brewing, Rising Sun Distillery, Built Construction, Sleeping Giant Brewing, Via Mobility, Sheffield Metals, and Symmetry Energy. Tanner is a Colorado outdoor guy and is passionate for skiing and snowboarding, mountain, road and gravel cycling, and endurance car racing with sanctioning bodies ChampCar and World Racing League.
-
Jason Bollhoefner -
Tanner Mason -
Benchmark Commercial, LLC
1 of 28
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1500 Grant St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.