RI Marketplace Online Auction Nov.14-16, 2023.
Bank Sale - 3 parcels totaling 29,250 SF (2 fee simple parcels & 1 ground lease assumption)
Attractive demographics with ±194,620 Population within 3 Miles and Median Household Income of within 1 Mile
Signalized Hard Corner Site with ±39,379 vehicles passing the site daily & easy access to I-25
High Density Zoning allows for various uses and building up to 12 stories
Nearby Retailers include Whole Foods Market, Sprouts Farmers Market
Absolute Auction - NO Reserve
Marcus & Millichap, in conjunction with RI Marketplace, are pleased to present 3 hard corner parcels in Denver, Colorado totaling 29,250 SF (2 fee simple parcels & 1 ground lease assumption). This signalized hard corner site has ±39,379 vehicles passing the site daily (31,586 VPD at S Broadway & 7,793 VPD at E Mississippi Ave) as well as easy access to I-25. This Property offers an exceptional investment opportunity to develop three well-located parcels within a major Central Business District (Cbd). First BID Meets Reserve.
Both fee simple parcels are located at 30 Mississippi Ave with 11,687 SF and 1102 South Broadway with 9,490 SF ("The Property"). The Property also has a center hard corner parcel being sold as a ground lease assumption, located at 1100 South Broadway with 8,073 SF, forming an "L" shape on the corner intersection of South Broadway and Mississippi Avenue. The Property benefits from highly favorable and flexible C-Mx-12, Uo-1, and Uo-2 zoning.
The Property is in a dense area near a mix of residential and retail demand generators within the "South Broadway Corridor," aka "SoBo." Whole Foods Market & Sprouts Farmers Market is nearby, and this SoBo Corridor is bustling with an eclectic mix of unique restaurants, vintage retail, art galleries, live music venues, and more.
Denver was one of the fastest growing cities in America, and has attractive demographics with ±194,620 Population within 3 Miles and Median Household Income of within 1 Mile. Nearly 750,000 residents with an average household income of support the expansive trade area.
Lamar P. Fisher
Fisher Auction Company Inc.