Commercial Property for Sale in Evergreen Colorado 80401

Property Description

This is your opportunity to buy an affordably priced stabilized hotel in the Denver metro, which is difficult to find in today's market. The hotel has been renovated to current brand standards, and so is a plug and play investment. There is value upside from increasing occupancy and rate through marketing. The proximity to the Federal Center and the new St. Anthony Hospital are excellent current and future demand generators. The Federal Center will be redeveloping in the near future, and the hospital will be expanding. this will create new demand generators in addition to the stable base from 6th Avenue traffic and tourist attractions in Golden and the Red Rocks amphitheatre.

Location Description

The hotel is located across from the Denver Federal Center, a dynamic commercial and retail district in the West Denver metro area. The hotel has easy access to all parts of the metro area via 6th Avenue, a heavily traveled east/west corridor connecting downtown Denver to I 70 and the foothill communities, as well as the famous Red Rocks amphitheatre.
The Federal Center and St. Anthony hospital are the dominant economic drivers in the neighborhood. The Federal Center is a 623 acre campus, and contains 4 million square feet of office, lab and warehouse space. There are 6,200 employees, and is the largest single grouping of federal facilities outside Washington DC. The Federal Center faces uncertainty due to current Federal cost cutting measures, however, at least 3 million square feet, including the U.S. National Science Foundation Ice Core Facility, are deemed "Core" by the current administration, and will be retained. Parts of the Federal Center are already planned for major redevelopment. The Denver Federal Center TOD is a phased Transit Oriented Development of 51 acres surrounding the Federal Center Light Rail Station. This is a 3 phase project that includes 1300 dwelling units; 120,000 sf. of retail; 1,400,000 sf. of office; 100,000 sf. of hotel; 100,000 sf. of medical office. St. Anthony Hospital is a 563 bed level 1 trauma facility on 30 acres, which will likely be continuously expanded over time.