Investment Overview
3101 & 3131 Walnut Street presents a rare value-add and redevelopment opportunity in Denver’s dynamic River North Arts District (RiNo). The ±20,475-square-foot, two-building portfolio sits on approximately ±0.79 acres and is partially leased, providing in-place income with significant future upside. Rezoned C-MX-5 in 2023 and supported by Certificates of Demolition Eligibility, the property offers flexibility for continued occupancy, owner-user use, re-tenanting, or redevelopment.
Zoning: C-MX-5
Intended for mixed-use construction with a maximum building height of 5 stories or 70 ft
DO-7
River North Design Overlay District
Elimination of the minimum parking requirement within 1/2 mile of the 38th & Blake Station
3101-3131 Walnut is within the 1/2 mile requirement of the 38th & Blake Station
3101 Walnut Street
±11,659 SF building
Two-story creative office/retail property
Multiple private studio/office suites
±3,354 SF available for an owner-user or new tenant
±29 surface parking spaces shared across the portfolio
C-MX-5 zoning
Strong visibility and access near Blake Street and 31st Street
3131 Walnut Street
±8,816 SF building
Creative office/studio property
Multiple private studio suites
±4,035 SF available for an owner-user or new tenant
Common area and restroom facilities
±29 surface parking spaces shared across the portfolio
C-MX-5 zoning
Excellent RiNo location near Walnut Street, Blake Street, and 38th & Blake Light Rail Station
Investment Highlights
- Value-Add / Redevelopment Opportunity
- ±20,475 SF across two buildings
- ±0.79-acre development site
- C-MX-5 zoning and rezoned in 2023
- Certificates of Demolition Eligibility
- Prime RiNo location with excellent visibility and accessibility
- ±29 surface parking spaces
- Walking and biking distance to 38th & Blake Light Rail Station
- Strong surrounding residential, office, retail, dining, and entertainment growth
- 93 Walk Score, 98 Bike Score, and 70 Transit Score
- Multiple potential exit strategies, including continued ownership, owner-user occupancy, re-tenanting, or redevelopment