Property Description

See full OM on Loopnet. Welcome to 1721-1725 N High St, a nearly 9,000 SQF mixed-use multifamily and office property in Denvers 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 on an 18 month lease at $3750/mo. 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 Denvers most desirable urban neighborhoods. Please Downlaod Offering Memorandum or contact listing broker. Loopnet:

Property Features

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