This commercial real estate investment opportunity is located at 1822 Blake Street in Lower Downtown Denver, Colorado. The first floor restaurant and basement space have a triple net lease in place generating $133,564 in annual base rent. The tenant is in the second year of a five year term with two (2) five (5) year options. First option includes three percent annual increases and the second option is at market.
This commercial real estate investment property is in very good condition. The restaurant space is a well known location, has high ceilings, exposed brick and timber, and recently remodeled. The high ceilings and brick and timber carry through to the beautiful second floor 4,158 SF office. The second floor is ready for a new tenant or is ideal for an owner to occupy the second floor benefiting from the additional retail rental income.
The Lower Downtown Denver commercial real estate for sale is ideally situated within walking distance to Coors Field, Union Station, the newly developed Market Station, 16th Street Mall and Central Business District with numerous restaurants, bars and retail. This Lodo Denver investment real estate for sale is listed by Mark Valente.
For more information – 1822 Blake Street For Sale
- Location: Denver / Boulder Metro
- Price: $3,500,000
- Status: Active
- Reference Number: 20001
- Square Footage (Building): 11,008 SF
- Square Footage (Land): 4,847 SF
- Net Operating Income: $133,000