961 N Marion Street, Denver, CO 80218
- $1,600,000
Courtesy of Kaufman Hagan . colby@khcommercial.com,720-822-0029
- List Price
- $1,600,000
- Type
- Land
- Status
- ACTIVE
- MLS Number
- 9407388
- Lot Size (sqft)
- 8,860
- Lot Size (acres)
- 0.2
- Subdivision
- Inslees Add
- Sub-Area
- Inslees Add
Property Description
961 N Marion St is a rare infill development opportunity located just three blocks west of Cheesman Park. The zoning for this property is G-MU-3, allowing for a variety of development options, including multi-unit residential, commercial, and mixed-use projects. The property currently features 25 storage garages, offering a covered land play to generate income while working through the city on development plans. Cheesman Park is widely regarded as one of Denver’s most desirable neighborhoods, offering easy access to downtown, a vibrant dining and nightlife scene, and plenty of outdoor recreational opportunities. With its prime location and flexible zoning, 961 N Marion St represents a legacy asset for any developer. INVESTMENT SUMMARY Price: $1,600,000 Total Units: 25 Storage Units Price/SF: $180.59 Current Cap Rate: 3.10% Market Cap Rate: 4.13%
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Additional Information
- Taxes
- $3,134
- School District
- Denver 1
- Type
- Unimproved Land
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