520 & 536 N Cherokee Street, Denver, CO 80204

• 8,105 sqft

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.

Listing Status:

Active

Listing Office:

BLVD Real Estate Group, LLC : 720-884-7359

Listing Agent:

Sunitha Alli : 720-219-1693

MLS ID:

4442914

Exterior

• Parking: AsphaltConcreteParking spaces: 25

Construction

• Roofing: ShingleMembrane

Location

• Road/Access: Public
• Originating MLS: recolorado
• County: Denver

Lot

• Zoning: C-MX-8L 13 & 14 BLK 3 BROADWAY TERRACE PEABODYS SUB L 11 & 12 BLK 3 BROADWAY TERRACE PEABODYS SUB0510203010000 & 0510203009000
• Current Use: CommercialMedical/Dental

Utilities

• Utilities: Electricity ConnectedInternet Access (Wired)Natural Gas Connected110V220 VoltsPhase 3
• Water: Public
• Sewer: Community Sewer

Financial

• Source: recolorado

This listing courtesy of Sunitha Alli, BLVD Real Estate Group, LLC