Homes for sale - 1721 N High ST, Denver, CO 80218

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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$2,000,000

Est. payment - /mo

7,845 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,845 sqft

Price per Sqft $254

MLS Listing ID 9127989

Style Traditional

HOA Y/N No

Year Built 1894

Annual Tax Amount $42,962

Tax Year 2024

Property Sub-Type Multi Family

Source recolorado

Property Description

Compass Inc. (“Compass”) and Kenai Capital Advisors (“Kenai”), acting as exclusive advisors for the seller, are pleased to present to acquire the fee simple interest in 1721-1725 N High St, an 8,500 SF mixed-use multifamily and office property in Denver's highly walkable and historic City Park West neighborhood.

1721-1725 N High St (the “Property”) 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.

Location

State CO

County Denver

Zoning G-RO-3

Interior

Fireplace N

Exterior

Roof Type Composition

Total Parking Spaces 6

Garage No

Building

Sewer Public Sewer

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Compass - Denver

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

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