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Unit Size: 11,164 SF
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Condo Use: Office/Retail
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Price: $4,199,999 USD
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Sale Type: Owner User
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Price/SF: $376.21 USD
Description
Previously a restaurant, this property consists of two retail/commercial condominiums that are part of the larger Brooks Towers residential condominium building — meaning the units are already within an established condominium association, streamlining any future subdivision or conversion of the space. The larger project is located at the southeast corner of 15th and Arapahoe Streets and the southwest corner of 15th and Curtis Streets, in the downtown Central Business District of Denver. The larger site of which the subject units are a part is a 0.90-acre (39,309-square-foot) parcel. The Brooks Tower Residences project is a 42-story, 566-unit residential condominium building constructed in the 1970s. The subject units are located on the 1st floor of the building with street access. The subject units are identified in the Denver County Assessor's office for tax purposes as 1020 15th Street (Unit 1S, Ace Hardware) and 1040 15th Street (Unit 1T, Pet Supplies Plus).
Sale Notes
Exceptional opportunity to acquire a fully renovated, dual-branded retail condominium in the heart of downtown Denver — with significant redevelopment upside. Located on the street level of the iconic 42-story Brooks Tower, this 11,164-square-foot commercial space is home to two nationally recognized tenants: Ace Hardware and Pet Supplies Plus.
Beyond its stable retail income, the space presents a compelling conversion opportunity: the open, flexible floor plate could potentially be reconfigured into as many as 12 work/live condominium units. Because the units are already part of the Brooks Tower condominium association, a buyer pursuing conversion would be working within an existing, established condominium regime rather than creating one from scratch — and each resulting unit would enjoy the full benefit of Brooks Tower HOA amenities and services.
Positioned at the high-traffic intersection of 15th and Arapahoe Streets, the property benefits from strong visibility, heavy pedestrian foot traffic, and immediate proximity to the Denver Center for the Performing Arts, 16th Street Mall, and numerous residential high-rises, hotels, and office towers.
The space was completely converted in 2021 from prior restaurant use to a modern retail layout with open flow, polished concrete floors, LED lighting, sealed concrete, acoustic ceilings, and two sets of restrooms. The businesses currently share an open concept without a demising wall, allowing flexible use and future adaptability — a layout well suited to phased buildout or multi-unit subdivision.
Brooks Tower features 566 residential units above, as well as access to light rail, bus routes, and major arterials including I-25 and Colfax. Zoning (D-TD – Downtown Theatre District) supports a vibrant mix of commercial, entertainment, and residential uses.
This is an ideal asset for investors seeking stable tenancy in a trophy downtown location, developers exploring a work/live condo conversion, or owner-users looking to enter one of Denver's most walkable and dynamic neighborhoods.
Highlights:
Fee Simple Ownership
11,164 SF Retail Condominium
Potential Conversion to up to 12 Work/Live Condos
Already Part of the Brooks Tower Condominium Association
Fully Renovated in 2021
Corner Unit with Dual Frontage
Surrounded by Dense Residential and Office Demand
Strong National Tenants in Place
Nikan Azar
Colorado Hospitality Services, Inc.
