The act of searching for your dream Denver commercial real estate property
can be a tiresome and grueling process, as there are many places to look at and not enough time. Often, it can feel like a mad dash to locate the property which will meet your specific needs and financial requirements, and you can probably bank on there being someone else looking at the same property in the process. Before you set out on an endless search to locate your dream property, here are some things to look for when finding your perfect Denver commercial real estate property.
Location to Lightrail
Denver’s public transportation system has never been on the level of Chicago or New York, but in recent years RTD has made significant strides to improve the system. New light rail lines and stations have been added in the last few years, making it more easy and accessible for on-foot commuters to get from one part of the city to the other. This fact hasn’t only affected the transportation system as a whole, but it has also had profound impacts in the world of commercial real estate.
If your commercial property is located close to a light rail line, you can expect your property value to be much higher than similar properties. This is because foot traffic will be higher and the visibility of your building will be greater than other spots in the area. If you’re thinking about purchasing commercial real estate in the Denver area, it’s a great idea to look at its proximity to light rail stations, as well as proposed light rail lines. If you can purchase something prior to a light rail going in, expect serious returns on your investment down the line.
If you have an idea in mind for what type of businesses you’d like to operate or rent to when you buy your property, it’s a good idea to get a sense of what is nearby and what the neighborhood is like. If you’re planning to rent or operate a coffee shop or brewery in your property, it’s a great idea to research the proximity of other similar businesses in the area, as you don’t want to overdo it. It’s a great idea to also find what holes exist in terms of the neighborhood, as you may be able to come in and fulfill this need. If a neighborhood needs more clothing stores instead of coffee shops, consider that when purchasing your property.
If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.