E. 17th FOR SALE - $6,490,000 AVENUE PORTFOLIO Denver, Colorado 80209 UPTOWN REDEVELOPMENT SITE OFFERED BY UNIQUE PROPERTIES, INC / TCN WORLDWIDE: MARC S. LIPPITT SCOTT L. SHWAYDER JUSTIN N. HERMAN BRETT A. MACDOUGALL PRINCIPAL PRINCIPAL BROKER ASSOCIATE BROKER ASSOCIATE 303.321.5888 303.321.5888 720.881.6343 303.512.2736 mlippitt@uniqueprop.com sshwayder@uniqueprop.com jherman@uniqueprop.com bmacdougall@uniqueprop.com
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EXCLUSIVE AGENTS: MARC S. LIPPITT SCOTT L. SHWAYDER JUSTIN N. HERMAN BRETT A. MACDOUGALL PRINCIPAL PRINCIPAL BROKER ASSOCIATE BROKER ASSOCIATE 303.321.5888 303.321.5888 720.881.6343 303.512.2736 mlippitt@uniqueprop.com sshwayder@uniqueprop.com jherman@uniqueprop.com bmacdougall@uniqueprop.com 17TH AVENUE PORTFOLIO OFFERING MEMORANDUM
TABLE OF CONTENTS EXECUTIVE SUMMARY PROPERTY OVERVIEW INVESTMENT HIGHLIGHTS 601 E. 17TH AVE - PROPERTY OVERVIEW 630 E. 17TH AVE - PROPERTY OVERVIEW 1709-1717 WASHINGTON ST - PROPERTY OVERVIEW 11 13 14 15 E. 17TH AVENUE PORTFOLIO OFFERING MEMORANDUM 5
OFFER SOLICITATION PROCEDURE Offering Price: $6,490,000 Confidentiality & Disclaimer: Please refer to first page in this offering memorandum and carefully read full confidentiality statements and disclaimer. Property Tours: All showings must be arranged in advance with Unique Properties, Inc. To schedule a property tour, please contact the listing brokers below: MARC S. LIPPITT PRINCIPAL 303.321.5888 mlippitt@uniqueprop.com SCOTT L. SHWAYDER PRINCIPAL 303.321.5888 sshwayder@uniqueprop.com JUSTIN N. HERMAN BROKER ASSOCIATE 720.881.6343 jherman@uniqueprop.com BRETT A. MACDOUGALL BROKER ASSOCIATE 303.512.2736 bmacdougall@uniqueprop.com UNIQUE PROPERTIES, INC. 400 S. BROADWAY DENVER, CO 80209 (p) 303.321.5888 (f) 303.321.5889 www.uniqueprop.com E. 17TH AVENUE PORTFOLIO 6
1 EXECUTIVE SUMMARY E. 17TH AVENUE PORTFOLIO OFFERING MEMORANDUM
EXECUTIVE SUMMARY THE OFFERING Unique Properties, as exclusive agent to the Seller, is pleased to present for acquisition to qualified parties, the 17th Avenue Portfolio located in the Uptown Neighborhood in Denver, Colorado. The portfolio is comprised of three properties that total 10,846 SF in building square footage and just over 25,000 SF of land. The Avenue Grill, which is located at 630 17th Avenue, has been a Denver institution for over the past 29 years. This portfolio is located right in the center of the Uptown neighborhood. The Uptown neighborhood, is one of the most sought after neighborhoods in Denver. The property provides easy access to downtown and the other surrounding areas. All three properties have different zoning which allow for a multitude of different uses for the property. This is a one of a kind asset and is the type of property that usually only comes available once in a lifetime. E. 17TH AVENUE PORTFOLIO EXECUTIVE SUMMARY 8
2 PROPERTY OVERVIEW E. 17TH AVENUE PORTFOLIO OFFERING MEMORANDUM
630 E. 17TH AVE Price: $3,390,000 Building Size: 10,846 SF Lot Size: 6,270 SF Zoning: C-MS-5 601 E. 17TH AVE Price: $1,100,000 Lot Size: 6,270 SF Zoning: C-MS-8 1709-1717 WASHINGTON ST Price: $2,000,000 Lot Size: 12,498 SF Zoning: G-RO-5
INVESTMENT HIGHLIGHTS PERMISSIVE ZONING - The properties are all zoned differently. The Washington Street property is zoned Residential Office and can build up to a five (5) story building. The other two properties have Main Street zoning, which would allow for Office, Retail, or Residential. At 601 E. 17th Avenue, a developer could build up to a eight (8) story building. SOUGHT AFTER NEIGHBORHOOD - The portfolio is located in the Uptown Neighborhood in Denver, Colorado. The neighborhood is in close proximity to Downtown. There is excellent dining, shopping, and entertainment all within close proximity to the property. SUCCESSFUL RESTAURANT - 630 E. 17th Avenue is home to the Avenue Grill. The business has been a Denver staple for almost 30 years. There is income in place for a developer while the property is repositioned. ** RESTAURANT IS NOT FOR SALE!! ONLY THE REAL ESTATE! DO NOT DISTURB TENANT ** E. 17TH AVENUE PORTFOLIO PROPERTY OVERVIEW 11
E. 17TH AVENUE PORTFOLIO PROPERTY OVERVIEW 12
601 E. 17TH AVE - PROPERTY OVERVIEW PROPERTY SUMMARY PROPERTY ADDRESS: 601 E. 17TH AVENUE DENVER, CO 80203 PRICE: $1,100,000 BUILDING SF: 1,134 SF LAND SF: 6,270 SF PARCEL NUMBER: 0234921046000 ZONING: C MS 8 (City of Denver) TAXES: $14,848.89 (2017) E. 17TH AVENUE PORTFOLIO PROPERTY OVERVIEW 13
630 E. 17TH AVE - PROPERTY OVERVIEW PROPERTY SUMMARY PROPERTY ADDRESS: 630 E. 17TH AVENUE DENVER, CO 80203 PRICE: $3,390,000 BUILDING SF: 10,846 SF BUILDING PSF: $312.58 LAND SF: 6,270 SF PARCEL NUMBER: 0234921046000 ZONING: C MS 5 (City of Denver) TAXES: $35,551.23 (2017) E. 17TH AVENUE PORTFOLIO PROPERTY OVERVIEW 14
1709-1717 WASHINGTON ST - PROPERTY OVERVIEW PROPERTY SUMMARY PROPERTY ADDRESS: 1709 1717 WASHINGTON ST DENVER, CO 80203 PRICE: $2,000,000 LAND SF: 12,498 SF PARCEL NUMBER: 0234914014000 & 0234914039000 ZONING: G RO 5 (City of Denver) TAXES: $16,392.57 (2017) E. 17TH AVENUE PORTFOLIO PROPERTY OVERVIEW 15
Restaurants / Coffee Shops Retailers Entertainment Starbucks UPS Publik House-Uptown Illegal Grounds Coffee House Ace Denver Rec Center Steuben s Food Service Park Burger Avenue Theatre Restaurants / Coffee Shops Retailers Entertainment Tom s Diner Capitol Hill Books Fillmore Auditorium Voodoo Donuts Natural Grocers Ogden Theatre Fork and Spoon USPS Sancho s Broken Arrow City Grille Fedex The 1up - Colfax Sassafras American Eatery 7-Eleven Lost Highway Brewing Cheba Hut CO State Library Alpine Dog Brewing Sliceworks Walgreens Las Margs DP Dough First Bank Illegal Pete s
DEMOGRAPHICS POPULATION 1 MILE 2 MILE 3 MILE 47,9444 122,401 214,292 DAYTIME EMPLOYMENT 1 MILE 2 MILE 3 MILE 119,781 195,013 268,494 AVG. HOUSEHOLD INCOME 1 MILE 2 MILE 3 MILE $48,618 $56,538 $57,707
EXCLUSIVE AGENTS: MARC S. LIPPITT PRINCIPAL 303.321.5888 mlippitt@uniqueprop.com SCOTT SHWAYDER PRINCIPAL 303.321.5888 sshwayder@uniqueprop.com JUSTIN HERMAN BROKER ASSOCIATE 720.881.6343 jherman@uniqueprop.com BRETT MACDOUGALL BROKER ASSOCIATE 303.512.2736 bmacdougall@uniqueprop.com 400 S. BROADWAY DENVER, CO 80209 The informa on contained herein was obtained from sources believed reliable; however, Unique Proper es makes no guarantees, warran es or representa ons as to the completeness or accuracy thereof. The presenta on on this property is submi ed subject to errors, omission, changes of price, or condi- ons, prior to sale or lease, or withdrawal without no ce.