520 & 536 N Cherokee ST, Denver, CO 80204
520 & 536 N Cherokee ST, Denver, CO 80204
520 & 536 N Cherokee ST, Denver, CO 80204
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$2,300,000
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0.32 Acres Lot
Active

520 & 536 N Cherokee ST Denver, CO 80204

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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4442914

HOA Y/N No

Year Built 1963

Lot Size 0.323 Acres

Acres 0.32

Property Sub-Type Retail

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

Providing stable retail income with immediate potential to enhance value through rent repositioning, tenant optimization, and strategic asset improvements. 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.

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.

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

Zoning C-MX-8

Exterior

Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected

Waterfront Description Public

Roof Type Shingle,Membrane

Private Pool No

Building

Lot Description Corner Lot

Sewer Community

Water Public

Others

Tax ID 0510203010000 & 0510203009000


REColorado MLS
Listed byBLVD Real Estate Group, LLC

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Travis Hightower

Travis Hightower

+1(303) 829-7724

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TESTIMONIALS

Travis Hightower is an exceptional real estate professional. I worked with him on the sale of my condo, and his professionalism, initiative, and attention to detail were outstanding from beginning to end. Travis took ownership of the entire process. He coordinated the contractors, got the property market-ready quickly, and produced a listing that stood well above the competition. The photography and presentation were first-class. He even took the initiative to meet with the HOA to better understand the property's finances, future plans, and implications for residents. The results spoke for themselves. Despite listing in December, we were under contract within a week and closed in less than a month. We also achieved an excellent price, particularly considering a condo one building over sold for approximately 11% less just a few months later. I was traveling internationally during much of the process, but Travis and his team made everything straightforward. Communication was consistently clear, responsiveness was excellent, and the closing team was equally professional and reasonable in its fees. Real estate is clearly more than a profession to Travis. He lives and breathes it, and that commitment shows in the quality of his work, the people he surrounds himself with, and the results he delivers. Beyond his professionalism, Travis is genuinely warm, personable, and a pleasure to work with. He has a way of making you feel at ease and that you're in good hands. I couldn't be happier with the experience and would recommend Travis without hesitation.

James

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520 & 536 N Cherokee ST