Historic Ballpark District Retail Space Available for Lease

PRLog (Press Release) - Aug. 14, 2012 - Denver, CO August 14, 2012:  Mile Hi Properties announces the availability of 12,400 sq ft of main level retail/ restaurant/ office/ grocery space with 11,550 sq ft of additional storage space in the fastest growing metro area.  An $800 million investment in public and private development is being made to this area, according to the Downtown Denver Partnership. The River North Plan report says "Over a twenty-year time frame, it is conceivable that over 1,500 dwelling units could be added, 350,000 square feet of retail development, 650,000 square feet of industrial development, and 1,800,000 square feet of office space.”  All of this growth in a five zip code area where the average household income is $65,879.  The growth explains the limited opportunity to take advantage of retail space.

The location at the corner of Park Ave. West and Market St enhances the opportunity along with the construction of “2300 Walnut”.  This will be 310 luxury apartments across the street to be completed in the spring of 2013.  1415 Park Ave. West was renovated and updated in 2011 for a grocery store and a complete package of equipment can be made available.  This space is ideal for retail but can be adapted to office or restaurant operations as well.  Lindi Dermont, Broker says “This space is zoned for mixed use and is ready to go now.”  

The demand for retail and mixed use space continues to increase as the affluence of the downtown market grows.  Lindi added “That the affluent residents are driving the pricing of condo sales, which averaged $311,400 in the first 6 months of 2012.”  Lindi noted that “The average qualifying income for residential buyers is over $82,000.”  There are 5,558 businesses in the immediate area with 89,661 employees.  The population of the five zip codes of the immediate market area exceeds 86,600 and offers entrepreneurs the opportunity to grow and exceed profit projections.

Lindi Dermont adds “Mile Hi Properties is very pleased to offer such an exceptional quality building in such a prime location.”  This building offers unique qualities with a total space of 23,950 sq ft and the owners are offering flexible solutions that are customized for any special needs.

Those interested in receiving more information about 1415 Park Ave. West, or scheduling a tour, are invited to contact Lindi Dermont of Mile Hi Properties at 303-690-8462 or
visit the property website at http://www.1415ParkAveWest.inDenver.info

Photo:
http://www.prlog.org/11950060/1