1540 N Emerson St
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1540 N Emerson St
8,580 SF Office Building Denver, CO 80218 $1,600,000 ($186/SF)
Investment Highlights
- Property is currently a warm shell and 100% vacant.
- Half a block from Colfax Corridor in Capital Hill.
- Favorable tax status.
- Lot size of 14,500 square feet with zoning for 3 stories.
- 29 paved on-site parking spots.
- Large lot 100' x 150'
Executive Summary
This 8,231 SF brick facility has been totally gutted for asbestos removal, which has been completed with full paperwork available. The lot is 14,500 SF with G-RO-3 zoning, which allows residential and office uses in a residential area - up to three stories. Less than one block from Colfax Avenue and Clarkson Street. price reduction if property goes under contract and closes before 7/01/24. Property priced at $150,000 less than current seller paid for it, not to mention the $65,000 he paid for asbestos removal.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,580 SF
Building Class
C
Year Built
1960
Price
$1,600,000
Price Per SF
$186
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,239 SF
Slab To Slab
12’
Building FAR
0.59
Land Acres
0.33 AC
Zoning
G-RO-3 - GRO-3 General residential and or office up to 3 stories. Building has been condo'd so two separate parcels. Two separate tax rolls
Parking
29 Spaces (3.38 Spaces per 1,000 SF Leased)
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
Parcel Number | 2354-25-051 | Improvements Assessment | $64,000 |
Land Assessment | $264,720 | Total Assessment | $328,720 |
PROPERTY TAXES
Parcel Number
2354-25-051
Land Assessment
$264,720
Improvements Assessment
$64,000
Total Assessment
$328,720
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1540 N Emerson St
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