Available

Available

2400 & 2406 W 32nd Avenue

Denver, CO 80211

Price

$3,564,000

Cap Rate: 6.00%

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Mixed-Use Infill with Upside

Blue West Capital is pleased to exclusively offer 2400 & 2406 W 32nd Avenue for sale, a fully leased mixed-use infill asset in the heart of LoHi, one of Denver’s most established and supply-constrained neighborhoods.

The 8,199 SF property is 100% occupied by four tenants. Kumoya, a Japanese restaurant and bar, occupies the entire ground floor, while Colorado Therapy Collective, Zoetic Counseling, and Real Change Therapy occupy the second-floor office space. In-place rents are approximately 15–20% below market, providing potential upside. The second-floor layout and existing utilities also provide flexibility for a future conversion to residential units.

The property is positioned along West 32nd Avenue’s walkable dining and retail corridor, surrounded by dense residential neighborhoods and affluent households. The site benefits from more than 15,800 combined vehicles per day at W 32nd Avenue and Zuni Street. Tenant demand in the submarket remains strong, with retail vacancy at 2.6% and office vacancy at 2.9%.

Investment Highlights

  • 100% occupied by four restaurant and service-based tenants
  • In-place rents approximately 15–20% below market, providing future mark-to-market potential
  • Second floor offers potential for future conversion to residential units
  • Multiple tenants renewed early, demonstrating commitment to the property
  • Kumoya invested approximately $750,000 in its buildout
  • Kumoya lease corporately guaranteed through 2031

Location Highlights

  • Supply-constrained LoHi submarket with 2.6% retail vacancy and 2.9% office vacancy (Source: CoStar)
  • In Denver’s Highland neighborhood with 36K+ residents within 1 mile
  • High-visibility corner at W 32nd Avenue and Zuni Street with 15K+ combined VPD
  • $159K+ average household income

We are ready to assist you.

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