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Property Detail

Grant Street
Dynamic four-story, 41,144-SF office building built in 1976 and renovated in 1995 .
$6,500,000

Description

  • Dynamic four-story, 41,144-SF office building built in 1976 and renovated in 1995 with modern finishes and prominent visibility in Downtown Denver.
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  • Advantageously priced below replacement costs, allowing a savvy investor immense opportunities as a value-add or redevelopment opportunity.
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  • Lined with floor-to-ceiling windows on each level, letting in ample natural lighting, accompanied by captivating picturesque mountain views.
  • In a walker’s paradise at the signalized corner lot of Colfax Avenue and Grant Street, directly adjacent to the State Capitol Building.
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  • Beneficial C-MS-8 zoning permitting up to eight stories at the 0.71-acre site with seamless access via multiple ingress and egress points.
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  • Walking distance to Civic Center Station, with excellent transit accessibility via Denver’s reliable bus and light rail public transportation systems.

Executive Summary

Strategically situated on the unmissable corner lot of Colfax Avenue and Grant Street, 1500 Grant Street is a highly visible four-story office building with a basement in the heart of Downtown Denver, Colorado. Delivered in 1976 and renovated in 1995, 1500 Grant Street stands prominently at 41,144 square feet with unique characteristics accompanied by modernized finishes. The property features monument and building signage, an impressive lobby with reception, spacious presentation and conference rooms, executive offices, and collaborative workspaces. There are two new boilers and a water heater pump installed in 2021, and a reliable roof with about 10 more years of remaining life. The building is lined with floor-to-ceiling windows, allowing ample natural lighting and providing stunning views of the Colorado State Capitol Building, downtown, and picturesque mountains.

1500 Grant Street is conveniently positioned within both a walker’s paradise and excellent transit accessibility via its sought-after proximity to Denver’s bus and light rail public transportation systems. The building is set on a 0.71-acre lot with multiple ingress and egress points paired with 63 on-site parking spaces, including covered parking. The acreage is zoned C-MS-8, permitting up to a total of eight stories to be built on the site, doubling the size of the current asset.

Nestled in the Capitol Hill neighborhood bordered by Broadway, Downing Street, and Colfax and Seventh Avenues, the property is beneficially located within a heavily trafficked destination. The building is located just southeast of Denver's Central Business District in a well-established residential neighborhood, with commercial centers located along major traffic routes. 1500 Grant Street is surrounded by a growing population of more than 244,000 residents within a 3-mile radius. These residents have a generous average household income of about $109,000 and spend more than $4.1 billion in the community annually.

This acquisition offers an investor the ability to take a premier asset and utilize its value-add opportunities to produce exceptional revenue or completely transform the building into a brand-new and larger landmark. 1500 Grant Street is the epitome of optionality in a desirable location primed for a plethora of business uses.

The seller is willing to vacate the building for a full building user or redevelopment.

1500 Grant St

Listing ID : 00962

SKU: 962

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Price History

DateEventPrice
December 17 2024Listed$6,500,000.00