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Commercial

16th and Pearl (Uptown)

618 E 16th Ave, Denver, CO 80203

Listing Price: $5,900,000

Lot Size
0.61 acres
Price/Acre
$9,652,732
Land Type
Land

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present this exclusive listing of 16th and Pearl, a cleared and vacant development parcel located in the fantastic Uptown Area of Downtown Denver. The property consists of approximately 26,625 square feet (9 city lots or 0.61 acres) of cleared and developable land. The property consists of a mix of CMX-5 and CMX-8 zoning, which allows a variety of uses including multifamily, commercial, etc. The current owner cleared the lot in 2020-2021 and prepped it for development. The offering allows a developer to come in and develop a clean slate in the red-hot Denver market with limited delays due to demolition and re-zoning. The property also has an existing parking lot operation on site that can provide income during the development planning. The property is located at the Southeast corner of East 16th Street and Pearl Street in the Uptown neighborhood of Downtown Denver. The central location provides great access to the CBD of Denver via 16th Street. The location is 6 blocks from Broadway, the eastern boundary of the CBD and 1 block from Colfax Avenue, the main thoroughfare through most of Denver. There is a significant amount of development and existing infrastructure in the immediate area, including Transit Oriented Development amenities.

Investment Highlights

  • Nine Denver Lots, Cleared and Ready to Develop.
  • Uptown Denver Location.
  • Mix of CMX-5 and CMX-8 Zoning.

Exclusively Listed By

Commercial

16th and Pearl (Uptown)

Listing Price: $5,900,000

Lot Size
0.61 acres
Price/Acre
$9,652,732
Land Type
Land

Investment Highlights

  • Nine Denver Lots, Cleared and Ready to Develop.
  • Uptown Denver Location.
  • Mix of CMX-5 and CMX-8 Zoning.

Investment Overview

The Kramer Group of Marcus & Millichap is pleased to present this exclusive listing of 16th and Pearl, a cleared and vacant development parcel located in the fantastic Uptown Area of Downtown Denver. The property consists of approximately 26,625 square feet (9 city lots or 0.61 acres) of cleared and developable land. The property consists of a mix of CMX-5 and CMX-8 zoning, which allows a variety of uses including multifamily, commercial, etc. The current owner cleared the lot in 2020-2021 and prepped it for development. The offering allows a developer to come in and develop a clean slate in the red-hot Denver market with limited delays due to demolition and re-zoning. The property also has an existing parking lot operation on site that can provide income during the development planning. The property is located at the Southeast corner of East 16th Street and Pearl Street in the Uptown neighborhood of Downtown Denver. The central location provides great access to the CBD of Denver via 16th Street. The location is 6 blocks from Broadway, the eastern boundary of the CBD and 1 block from Colfax Avenue, the main thoroughfare through most of Denver. There is a significant amount of development and existing infrastructure in the immediate area, including Transit Oriented Development amenities.

Exclusively Listed By

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