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$ 2,800,000
Est. payment | /mo
0.32 Acres Lot
$ 2,800,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Baker
MLS Listing ID IRE8348843
HOA Y/N No
Annual Tax Amount $40,000
Tax Year 2025
Lot Size 0.320 Acres
Acres 0.32
Source ires
Property Description
Rare Central Denver retail + infill opportunity consisting of two contiguous C-MX-8 zoned parcels totaling approx. 14,062 SF, located directly adjacent to the Denver Health main campus and within the influence area of the future Burnham Yard redevelopment and proposed Denver Broncos Stadium District
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.
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.
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.
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.
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.
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
Community Baker
Area Metro Denver
Zoning C-MX-8
Exterior
View Y/N Yes
View Mountain(s), City
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
New Construction false
Schools
High Schools Denver District 1
School District Denver District 1
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://youtu.be/DB9m7WTbAy8
Listed by Sunitha Alli
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