8,105 SqFt
8,105 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,105 sqft
Price per Sqft $345
MLS Listing ID 4442914
HOA Y/N No
Year Built 1963
Annual Tax Amount $43,304
Tax Year 2025
Lot Size 0.323 Acres
Acres 0.32
Property Sub-Type Retail
Source recolorado
Property Description
Providing stable retail income with immediate potential to enhance value through rent repositioning, tenant optimization, and strategic asset improvements. At the same time, the C-MX-8 zoning delivers meaningful long-term redevelopment power, allowing up to 8-story mixed-use development, multifamily, medical office, hospitality, or institutional-support uses. Perfect for 55/60+ Active Community because of proximity to the Denver Health/New Broncos Stadium and a WalkScore of 93.
Denver Health's recent acquisition of multiple neighboring Bannock Street parcels (approx. $5.5M) reinforces institutional confidence and sustained growth momentum. Hilton has approved a 96-room LivSmart Extended Stay concept, previously submitted to the City of Denver (Concept Log #2024-CONCEPT-0000128).
With core urban positioning, institutional growth adjacency, zoning strength, income in place, and transformational regional development nearby, 520 & 536 Cherokee Street present one of Denver's most compelling land + income platform opportunities.
Future rent growth and demand fundamentals are strongly supported. This asset currently performs at a competitive 3.25% return, with most leases ending in mid '26 this asset offers strong appreciation potential. With next door Denver health expanding on their recent purchase on Bannock, surrounding area of Lincoln/Golden Triangle and transformative Burnham yard Broncos redevelopment.
Property also holds long-term land value potential, making it an attractive hold for investors seeking a combination of current performance and strategic future opportunity.
Location
State CO
County Denver
Zoning C-MX-8
Interior
Fireplace N
Exterior
Parking Features Asphalt, Concrete
Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected
Roof Type Shingle,Membrane
Total Parking Spaces 25
Garage No
Building
Lot Description Corner Lot
Sewer Community Sewer
Water Public
Structure Type Brick,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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