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403 16th St
Denver, CO 80202

$3,485,000 USD

Office Condo For Sale  •  11,135 SF

Property Details

  • Property Type Office
  • Total Building Size 46,390 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1981
  • Tenancy Multiple
  • Zoning B-5, Denver
83 Transit Score
98 Walk Score

1 Unit Available

Name Condo Use Size Price Details
3rd Floor - Unit 300 Office/Retail 11,135 SF $3,485,000 USD
  • Unit Size: 11,135 SF
  • Condo Use: Office/Retail
  • Price: $3,485,000 USD
  • Sale Type: Investment
  • Price/SF: $312.98 USD
Description
The prime retail condo located at 403 16th Street, Denver, CO, offers an exceptional investment opportunity. Situated on the iconic 16th Street Mall, this property benefits from high foot traffic, excellent visibility, and easy access to public transportation. With a strong tenant base, including a national credit salon suite company and a local engineering firm, this investment provides a stable and reliable income stream. The property's competitive cap rate of 9% makes it an attractive option for investors seeking a profitable return on their investment.

Sale Notes
Prime Investment option, High CAP rate, National credit tenants.

Description 

The prime retail condo located at 403 16th Street, Denver, CO, offers an exceptional investment opportunity. Situated on the iconic 16th Street Mall, this property benefits from high foot traffic, excellent visibility, and easy access to public transportation. With a strong tenant base, including a national credit salon suite company and a national engineering firm, this investment provides a stable and reliable income stream. The property's competitive cap rate of 9% makes it an attractive option for investors seeking a profitable return on their investment.

The tenant base for this investment consists of a national credit salon suite concept occupying 80% of the space and recently signing a 10-year lease with two 5-year renewal options. The remaining 20% is leased to a national engineering firm with one year remaining on their current lease and a 3-year renewal option.

Property Flyers

Amenities

  • Property Manager on Site
  • Restaurant
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Denver (California Zephyr - Amtrak) 4 min 18 min 0.9 mi
Union Station: Lodo-Coors Field-16Th Street Mall (C Line - Denver Regional Transportation District Light Rail (TheRide), E Line - Denver Regional Transportation District Light Rail (TheRide), W Line - Denver Regional Transportation District Light Rail (TheRide)) 4 min 19 min 1.0 mi
Transit/SubwayDriveWalkDistance
16Th-California (D Line - Denver Regional Transportation District Light Rail (TheRide), F Line - Denver Regional Transportation District Light Rail (TheRide), H Line - Denver Regional Transportation District Light Rail (TheRide)) 2 min 4 min 0.2 mi
16Th-Stout (D Line - Denver Regional Transportation District Light Rail (TheRide), F Line - Denver Regional Transportation District Light Rail (TheRide), H Line - Denver Regional Transportation District Light Rail (TheRide)) 2 min 5 min 0.3 mi
18Th-California (D Line - Denver Regional Transportation District Light Rail (TheRide), F Line - Denver Regional Transportation District Light Rail (TheRide), H Line - Denver Regional Transportation District Light Rail (TheRide)) 1 min 5 min 0.3 mi
20Th-Welton (D Line - Denver Regional Transportation District Light Rail (TheRide)) 2 min 8 min 0.4 mi
18Th-Stout (D Line - Denver Regional Transportation District Light Rail (TheRide), F Line - Denver Regional Transportation District Light Rail (TheRide), H Line - Denver Regional Transportation District Light Rail (TheRide)) 2 min 8 min 0.4 mi
AirportDriveWalkDistance
Denver International 36 min - 24.2 mi
Jason Ruscio 720-364-2073 Avant Group
Jason Ruscio 720-364-2073 Avant Group