1721 N High Street, Denver, CO 80218 (MLS # 2096717)

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PRICE $2,000,000 BEDS 0 BATHS 0 HOME SIZE 8,767 sqft LOT SIZE n/a Request More Info Schedule a Showing

See full OM on Loopnet. Welcome to 1721-1725 N High St, a nearly 9,000 SQF mixed-use multifamily and office property in Denver's highly walkable and historic City Park West neighborhood. 1721-1725 N High St presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022. Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is owner-occupied and represents the opportunity to add further rental income or reposition the space for resale. For investors, the asset offers flexible exit optionality"”whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices"”all within one of Denver's most desirable urban neighborhoods. Please Downlaod Offering Memorandum on Loopnet or contact listing broker. Loopnet: https://www.loopnet.com/Listing/1725-N-High-St-Denver-CO/37113593/