Denver, CO 80203,1638-1640 N Logan ST
Denver, CO 80203,1638-1640 N Logan ST
Denver, CO 80203,1638-1640 N Logan ST
Denver, CO 80203,1638-1640 N Logan ST
Denver, CO 80203,1638-1640 N Logan ST
Denver, CO 80203,1638-1640 N Logan ST
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$1,250,000

$1,350,000

7.4%
Est.Price: ?

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Est. payment /mo

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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REColorado (REColorado MLS)
Listed by NorthPeak Commercial Advisors, LLC • joe@northpeakcre.com,720-939-2943
Bought with NorthPeak Commercial Advisors, LLC

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Matt Thomas

Consultant | Broker Associate | FA100030130

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