747 Santa Fe Drive
Denver, CO 80204
15000 sqft | 0.20 acres | #1981393
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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!
Property Details
- Sewer InformationPublic Sewer
- Original List Price$2,500,000
- Property TypePurchase
- Taxes Annual$54,228
- MLS #1981393
- Cost2500000
- MLS #1981393
- Utility SourcePublic
- CountyDenver
- Property SubtypeRetail
- Square Feet15000
- Year Built1900
- Acres0.2
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Jim Weichselbaum (#REC227221)
Listing Office: Legacy 100 Real Estate Partners LLC (#RECLP100)
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