Mile-High Stadium Adjacent Land Sold and Setting New Denver Trends

Property Type: Development Lot
Closed Date: August 8, 2023
Sale Price: $6,250,000
Address: 1600 Federal Blvd, Denver, CO 80204
Land SF: 27,971
Price/SF: $223.45
Zoning: C-MX-5

1600 Federal Blvd, Denver

Denver, CO – August 8, 2023 – Kaufman Hagan is pleased to announce the sale of the development land located at 1600 Federal Blvd for $6,250,000.

Kaufman Hagan Broker, Will Scherman, along with Principal & Senior Advisor, Brandon Kaufman represented the Seller in this transaction.

“This legacy piece was prime for vertical development, however, a local investor has the vision to keep the existing structure and turn the property into an entertainment venue. This use will suit the area well as this stadium district undergoes massive revitalization in the near future. After receiving multiple offers on this property through a month of internal marketing, this all-cash and quick close offer was chosen by the Seller.”
-Brandon Kaufman, Kaufman Hagan Commercial Real Estate

“This deal was an excellent reminder that redevelopment comes in many forms. Originally marketed for complete demolition, the buyer ultimately approached the property with a different vision for the existing space that will add to an already fast-growing community. There have been a lot of conversations surrounding the Mile High Stadium redevelopment over the last several years and this future event space aligns well with the master plan laid out for the area.”
-Will Scherman, Kaufman Hagan Commercial Real Estate

For more information on this transaction or to discuss multifamily investing, please contact Will Scherman at 303-817-9325 or will@khcommercial.com