Central Denver Retail + Infill, C-MX-8 2 Retail Properties Offered at $2,800,000 in Denver, CO

This rare Central Denver offering includes two contiguous parcels totaling approximately 14,062 square feet of C-MX-8 zoned land, located directly adjacent to the Denver Health main campus and within the influence zone of the future Burnham Yard redevelopment and proposed Denver Broncos Stadium District.
The properties currently provide 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 totaling approximately $5.5 million (right behind subject property at 539, 543, 549, 561, and 567 N. Bannock Street for $5.5 million on Oct. 2) underscores the institutional confidence and expansion momentum surrounding the site. The asset benefits from strong daytime population, healthcare employment concentration, and increasing long-term urban demand.
The properties are approved by Hilton for a 96 Room Extended Stay Hotel under LivSmart Brand. A concept has been submitted to the city of Denver under 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.
This is income today, upside tomorrow, and exceptional redevelopment potential long term.
536 Cherokee st, Denver - A commercial kitchen leased to Italian pasta maker until Sept '27. Rent : $4000 a month + Utilities paid by Tenant. New roof, 2 walk in freezers, office space, loading deck, 6 parking spaces. Land sqft: 7062 sq ft, C-MX-8 Zoning.
520 Cherokee st, Denver - A 2 story building with 4 tenant spaces and leased to 3 tenants. 1st Floor Catalyst Physical Therapy, until March '26. And Wedding dance coach until August '2026. 2nd Floor occupied by Artistic Body Development until August 2026. Rent: $7767 / month + Utilities paid by Tenants. Land Sqft: 7000 sqft, C-MX-8 Zoning.
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.