Kalamath Street Redevelopment

$4,750,000

Located on Kalamath St. just before 1st Avenue, this 38,315± SF redevelopment property currently has three income producing buildings sitting on the site. The buildings total 9,123± SF and current tenants are a restaurant, day spa, and office. The site is zoned I-MS-3 which allows for residential, retail, restaurants, hotel, office, light industrial among other uses. Taxes are currently $33,932.60 (2022 paid in 2023). The Assessor schedule numbers of the four parcels are: 05091-21-009-000, 05091-21-008-000, 05091-21-007-000 and 05091-21-024-000. Kalamath averages 18,914 vehicles per day. The site offers excellent access to downtown Denver and 6th Avenue via Santa Fe, and to I-25 via Alameda Avenue to the south. RTD Light Rail runs directly behind the property with the nearest station being the Alameda Station, about ¾ mile to the south.