Equitable Building
EQUITABLE BUILDING - BEAUTIFUL GROUND FLOOR UNIT WITH NEW INTERIOR
Marketing description
A rare opportunity to buy a highly visible 1st floor retail/office condominium with mezzanine offices with Stout Street and 17th Avenue street frontage. ASK PRICE, RENT EQUIVALENT TO APPROX. $16.25 SF NNN - MUCH LOWER THAN 1ST FLOOR RETAIL RENTS IN THE AREA.
It provides a turn-key opportunity of a great location for a financial institution or other commercial user looking for a signature location in Downtown Denver. The Equitable Building is in a class all by itself with ornate finishes, Tiffany stained glass, open curved master stairwell and an array of different office improvements. This Italian Renaissance Revival Edifice is filled with intricate brass details, marble wainscoting, marble mosaic tiles in Byzantine motifs on the vaulted ceilings, and elegant chandeliers on the interior and granite blocks, grey brick, terra cotta banding, and elegant details abound on the exterior. The unit is currently finished out with TWO vaults including a 35-ton circular walk in vault and updated clean white finishes throughout the offices, conference room, hallways and lobby. One of Denver's finest and storied historic properties converted to condominiums in 2011. **Ask broker about unfinished SF not included in this price as well as prominent exterior corner building signage per picture above. *RECENTLY REDUCED
Investment highlights
Beautiful interior renovation undertaken in 2023 adding modern, clean finishes to the original elegant appearance
3,056 usable/3,545 rentable SF on 1st floor; 1,030 usable/1,195 rentable SF on mezzanine available
Abundant natural light streaming thru large picture windows on both floors
Amenities include - on-site property management, workout facilities, common conference room, on-site security guard, 24/7 hours law library, pet friendly workplace and bike storage room
ATM window possible along 17th Avenue with building HOA approval required
Three semi-private bullpen offices
Conference room with built-in electronic technology for presentations
Breakroom/kitchen area with sink and privacy door
5 private offices
Spacious lobby with space for guest seating
Direct access and signage opportunity to Equitable Building lobby
Excellent “monument” signage available exterior hard corner of the building in multiple locations
2025 property tax - $19,273.00
Minimum 5 year lease also considered but longer term(s) perferred, Net Net Net Lease - contact broker for breakdown of current expenses included
Contact Broker about building’s “Special Assessment” to commence Spring 2026 to complete 4 large capital projects
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