CO
Arapahoe
Denver
80231
1300 S Parker Road
1300 S Parker Road, Denver, CO 80231
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
21
$2,100,000

Home Details for 1300 S Parker Road

Price
$2,100,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1972
County
Arapahoe
Garage
Days on site
0
MLS Listing#
2647831
Property Description

Rare opportunity to acquire a 33-unit condo portfolio offered as a distressed investment due to fire incidents that occurred in 2022 and 2023. As a result, pricing reflects a significant discount, currently estimated at approximately 50–60% below prior market values. This portfolio is best suited for experienced investors with a medium- to long-term investment horizon and may not fit all buyer profiles. Several units are impacted and pending future renovation coordination through the HOA. Based on current HOA communication, reconstruction and remodeling of fire-affected units are anticipated to begin within approximately two years, subject to HOA timelines and approvals. Prior to the fire events, comparable units within the community historically traded between $125,000–$180,000 per unit, presenting potential upside as restoration progresses and market conditions stabilize (buyers to independently verify all projections). The current owner is actively working to lease up additional units, with plans to add approximately seven more rental units, which may improve future income performance and NOI. Prime investment opportunity for value-add investors seeking long-term appreciation and income growth potential.

Property Features
  • Utilities
    • Cable Available
    • Electricity Available
  • Water Features
    • Public
Listing Courtesy: HomeSmart - 303-858-8100
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Market statistics compiled from data from Metrolist Inc MLS - Professional (Denver).
EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Dawn Campbell
Associate Broker
Office
303 790 7200
Agent
303 408 3229
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