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1625 N Downing Street

Denver, CO 80218
  • $1,650,000
  • STATUS: Active
  • ON SITE: 58 Days
  • ID#: 7351183
UPDATED: 49 min ago
$1,650,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,716
    SQFT
  • $289
    $/SQFT
Type:
Commercial
Built:
1939
County:
Area:

School Ratings & Info

REcolorado logo Offered by Nexthome Summit Group.

Description

Beautiful Frank Edbrooke designed Denver Mansion sitting in a great central location at 17th and Downing. Nearby law offices and residential create a nice serene setting to house your business or live/work in this versatile property! Recent attic remodel has a 3 bedroom/1 bath apartment with it's own heat/AC units. The gorgeous original hardwood flooring, wood casings, staircase, stain glassed windows, 4 authentic fireplaces with original trim and tile, and high ceilings create exceptional office spaces for employees or separate business owners flexible enough for a wide variety of business and residential uses. The untapped potential lies in the large 1,465SF partially finished basement. There is a half bath and 9/10 foot ceilings and two entrances. Once remodeled, this space could generate another $2500/month in revenue as a residential unit, office, or even retail/food service with the G-RO zoning. Plenty of parking for the tenants offering 9 off street spaces. The outside area is also amazing with a front covered porch, fenced side yard, and rear Trex deck to enjoy the Colorado weather! Leases are in place through 2023, but after that or prior through use of the basement, and owner/user could occupy this property. The most beneficial future use for the basement would be as residential. Once completed the apartment would have it's own exterior entrance and the owner would need to get the new mixed-use approved with the city to reduce the current high office tax rate. The city has been very responsive to use changes to multi-family with the recent housing shortage. Upon remodel and new least in place, the value of the building using income approach will go up to $2M or higher! Showings will begin Tuesday, August 9th, but most offices will not be available to show. Just the common areas, basement and attic unit. Seller is moving out of state and wants to liquidate.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Acker Group | Berkshire Hathaway HomeServices Innovative Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.goackergroup.com/homes/131882931
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1625 N Downing Street Denver, CO 80218

  • Price: $1,650,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 49 min ago
  • ID#: 7351183
0
Beds
0
Baths
0
½ Baths
0.17
Acres
5,716
SQFT
$289
$/SQFT
1939
Built
County:
Denver
Area:
Denver
Property Description
Beautiful Frank Edbrooke designed Denver Mansion sitting in a great central location at 17th and Downing. Nearby law offices and residential create a nice serene setting to house your business or live/work in this versatile property! Recent attic remodel has a 3 bedroom/1 bath apartment with it's own heat/AC units. The gorgeous original hardwood flooring, wood casings, staircase, stain glassed windows, 4 authentic fireplaces with original trim and tile, and high ceilings create exceptional office spaces for employees or separate business owners flexible enough for a wide variety of business and residential uses. The untapped potential lies in the large 1,465SF partially finished basement. There is a half bath and 9/10 foot ceilings and two entrances. Once remodeled, this space could generate another $2500/month in revenue as a residential unit, office, or even retail/food service with the G-RO zoning. Plenty of parking for the tenants offering 9 off street spaces. The outside area is also amazing with a front covered porch, fenced side yard, and rear Trex deck to enjoy the Colorado weather! Leases are in place through 2023, but after that or prior through use of the basement, and owner/user could occupy this property. The most beneficial future use for the basement would be as residential. Once completed the apartment would have it's own exterior entrance and the owner would need to get the new mixed-use approved with the city to reduce the current high office tax rate. The city has been very responsive to use changes to multi-family with the recent housing shortage. Upon remodel and new least in place, the value of the building using income approach will go up to $2M or higher! Showings will begin Tuesday, August 9th, but most offices will not be available to show. Just the common areas, basement and attic unit. Seller is moving out of state and wants to liquidate.
Exterior Features

Architectural Style Square DesignDetached Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Size Area 0.17 Lot Size Square Feet 7230 Parking Total 9 Road Frontage Type Public RoadYear Round Road Surface Type Paved Roof Composition

Interior Features

Levels Three Or More

Property Features

Construction Materials Brick Listing Terms CashConventional Property Sub Type Office Security Features Carbon Monoxide Detector(S)Fire AlarmSmoke Detector(S) Sewer Public Sewer Tax Annual Amount 24948 Tax Year 2021 Water Source Public Zoning G-Ro-3

REcolorado logo Listing courtesy of Nexthome Summit Group:303-386-4435. MLS #7351183


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Acker Group | Berkshire Hathaway HomeServices Innovative Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

REcolorado logo © 2022 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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The Acker Group | Berkshire Hathaway HomeServices Innovative Real Estate
9785 Maroon Circe, Suite 150
Englewood CO, 80112
REcolorado logo Offered by Nexthome Summit Group.