$1,250,000
$1,350,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/10/2023
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2578312
Sold Date 11/10/23
HOA Y/N No
Originating Board recolorado
Year Built 1934
Annual Tax Amount $26,197
Tax Year 2022
Property Description
NorthPeak Commercial Advisors is pleased to present 1638-1640 North Logan Street. Nestled in the heart of North Capitol Hill, this office building is a rare gem that presents multiple attractive investment opportunities. Dating back to 1886, this building boasts a fine display of intricate craftsmanship evident in both its interior and exterior design. A prestigious office building featuring a collection of 15 private office suites, two kitchens, and a kitchenette. A variety of office configurations cater to the needs of a wide range of professions. Three common waiting areas are designed to warmly embrace both guests and tenants, setting the stage for high quality, professional interactions. This is more than just a place to conduct business, it’s a stage for seamless interactions and a vibrant hub of possibility. Recently stabilized and fully leased this property presents opportunities to substantially increase cash flow. Both owner-users and savvy triple net investors will elevate returns through increased rental rates, the implementation of triple net bill-back, and the strategic expansion of parking. Spanning 6,250 square feet this lot is favorably zoned as C-MX-12, a classification that maximizes possibilities for future development. The potential for revenue growth or future development is undeniable making this investment proposition exceptionally compelling. This building and the prime location surrounding this building provides all the amenities needed to deliver not just charm but exceptional business value for both tenants and clients. Perfectly situated near bustling Downtown Denver, the Colorado State Capitol, an extensive mass transit network, and vibrant dining scene, ensuring businesses hosting clients here not only enjoy a charming ambiance but also the convenience of impressing and accommodating clients with ease.
Location
State CO
County Denver
Zoning C-MX-12
Interior
Fireplace N
Exterior
Total Parking Spaces 8
Garage No
Building
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NorthPeak Commercial Advisors, LLC
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Consultant | Broker Associate | FA100030130