Listed By:
Legacy 100 Real Estate Partners LLC;
Address
747 Santa Fe Drive, Denver, CO
Price
$ 1,999,950
Property Attributes
  • MLS#1981393
  • TypeCommercial
  • Listing Status Active
  • CountyDENVER
  • CityDenver
  • Zip80204
  • StyleTraditional
  • Year Built1900
  • Taxes$ 54160
  • Price$ 1,999,950
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15000
  • Lot Size0.2 Acres
Data Source:
REColorado (MTOMLS)
Property Description

PRICE REDUCED! Located in the heart of Denver’s vibrant Art District on Santa Fe, this property offers an incredible redevelopment opportunity. Just blocks from Denver Broncos Stadium Redevelopment. 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!

Price History
11/29/2024 Listed $2,500,000
1/12/2026 21$1,999,950

General Features

Sewer Public Sewer
Possession Close Plus 60 to 90 Days
Zoning C-MS-5
Architectural Style Traditional
Construction Materials Brick
Exclusions none
Year Built 1900
Stories Count 2
Property Subtype Retail
Tax Year 2025
Current Use Arts/Creative,Commercial,Office,Retail
County Denver
Property Type Commercial Sale
Attached Garage No
Status Active
City Denver
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 8798
Listing Terms Cash,Conventional
Tax Annual Amount 54160.76
Standard Status Active
Occupancy Type Tenant
Cap Rate 2

Exterior Features

Water Source Public
Total Parking 10
Lot Size Area 8798
Building Area Total 15000
Lot Size Acres 0.2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80204

Price
AVG $1.24M
$2M
Taxes
AVG $24,612
$54,160
Year Built
AVG 1954
1900
Visits
AVG 139
295
Data Provided by Inside Real Estate®