Denver, CO 80234 1501 W 124th Ave 700

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Presented By: LIV Sotheby's Intl Realty; 3034436161
  • MLS# 1013448
  • 07/03/2024
  • Request Tour
  • Request Info

Home Details

This modern two-story office condo, built in 2016, is an exceptional investment opportunity for businesses seeking flexible, unique, and professional space. Classified as Class B Office Space, the property features multiple offices, a reception area, various workstations, a stairway, a large conference room, a kitchen, a bathroom, and a large glass grade-level overhead door. The impressive windows provide stunning views of the back range, with several offices boasting direct mountain views. Ample parking is available in the dedicated, shared office complex lot. The condo's floor plans are highly adaptable, allowing the expansion of open areas into more workstations to meet evolving business needs. This versatility makes it suitable for various professional uses, from open-plan offices to private workspaces. The large conference room and well-appointed offices provide ample space for meetings and collaborative work, ensuring a dynamic and productive environment. Located in the Urban Box building park, the property offers tenants direct access to a greenbelt for walking and biking, enhancing work-life balance. Conveniently positioned two miles from Interstate 25 and about a mile from the 120th Avenue retail corridor, it is easily accessible. Nearby national tenants include Circle K, Starbucks, Wells Fargo, and FedEx, adding to the location's appeal. Just nine miles north of Downtown Denver, the property benefits from its proximity to Colorado's bustling capital city, offering a plethora of shopping, dining, and outdoor recreation options. Situated in North Denver, a region with strong demographic trends, this office condo is part of a metro area experiencing significant growth. Denver's highly educated workforce, globally connected airport, and low-tax environment make it a hub for job creation, attracting numerous Fortune 500 companies. The property's prime location, flexible space, and high-quality construction make it a compelling investment.
Presented By: LIV Sotheby's Intl Realty; 3034436161

Interior Features for 1501 W 124th Ave 700

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
FlooringConcrete, Carpet
Heating Y/NYes
Interior AmenitiesHigh Speed Internet, Ceiling: 10-12 Feet
Window FeaturesDouble Pane Windows

General for 1501 W 124th Ave 700

AccessibilityLevel Lot, Level Drive, Accessible Hallway(s), Low Carpet, Accessible Entrance
Attached Garage No
Building FeaturesLoading: Drive-in overhead doors
Business TypeIncorporated Area, Office Condominium, Class B
Cap Rate2.77
CityDenver
Construction MaterialsStone, Stucco, Wall: Metal/Frame, Wall: Stone
CoolingRefrigeration/HVAC, Ceiling Fan(s)
CountyAdams
ElectricElectric, 3-Phase Electric, Electricity at Property, Xcel
ExclusionsSeller personal property
Garage Y/NNo
Gross Income48000
HOANo
HeatingForced Air, Zoned
Land Lease Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet5569
Lot Size UnitsSquare Feet
MLS AreaMetro Denver
Net Operating Income21995.6
New ConstructionNo
Operating Expense26004.4
Possible UseCommercial or Industrial
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeSale: Commercial/Industrial
Property TypeCommercial Sale
RoofRubber, Flat
Senior Community Y/NNo
Standard StatusActive
StatusActive
Subdivision NameUrban Bx 2 Condo
Tax Annual Amount17851.4
Tenant PaysDeposit
Unit Number700
UtilitiesElectricity Available
ViewMountain(s)
Virtual TourClick here
Waterfront Y/NNo
Year Built2016
ZoningCommercial

Exterior for 1501 W 124th Ave 700

Building Area Total1791
Exterior AmenitiesLighting
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Level, Abuts Public Open Space, Within City Limits
Lot Size Acres0.13
Lot Size Area5569
Parking FeaturesPaved
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Westminster

Additional Details

Price History

Jon Holsten

Price $795,000
MLS#1013448
List Date 07/03/2024
Property Type Commercial
Phone 970.237.2752
Request Tour
Request Info
Visit My Website

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