3134 Walnut Street
Denver, CO 80205
Positioning Statement
Located at 3134 Walnut St in Denver, this site offers a prime opportunity for development in the vibrant River Arts North (RiNo) neighborhood. The zoning allows for a wide range of uses, with the potential to incorporate existing structures into new projects. RiNo is a cultural hub, featuring over 45 art studios and galleries, 160 bars and restaurants, 25 breweries, wineries, and distilleries, along with more than 400 hotel rooms that draw residents and visitors to the area.
The area is experiencing strong growth, with 9.82% growth in population since 2020 and an expected increase of 4,908 people by 2029. This population is well educated, with 60% holding a bachelor’s degree and 75% employed in white-collar jobs. This base results in an average household income within a three-mile radius of $132,581, making it an attractive location for commercial and residential development.
Strategically positioned just a mile from Downtown Denver, the site offers convenient access to major attractions such as Coors Field, Mission Ballroom, and the National Western Center. The Downtown area boasts over 145,000 employees, with 18,568 full-time employees within one mile of 3134 Walnut St.
Investment drivers
1
Central Location
3134 Walnut St is centrally located in the RiNo neighborhood, offering numerous retail, employment, and recreational opportunities nearby, along with convenient transportation to the larger metro area. This location provides flexibility for new development.
2
Employment Opportunities
The site is just 1 mile from Downtown Denver, where over 145,000 employees work. Employment near the site is growing, with top-tier employers like Xcel Energy moving offices to RiNo.
3
Exceptional Demographics
Since 2024, strong population growth has been observed and is projected to continue. This population is well-educated and affluent, with 60% holding a bachelor’s degree or higher and 51% of households earning over $100,000 per year.
4
Nationally Acclaimed Destination
RiNo is recognized as one of the top neighborhoods in the United States, earning national acclaim, with Lonely Planet naming it among the top ten places to visit.
5
Premier Rental Rates
The area’s desirability is reflected in robust rental demand, with average daily rates (ADR) for nearby hotels exceeding $300 and retail spaces commanding triple net (NNN) lease rates over $35/SF.
Property Overview
3134 Walnut St
- Address
- City, State Zip Code
- County
- Size
- Parcel ID
- Mill Levy
- Zoning
Property Zoning
I-MX-5 DO-7 UO-2
I-MX-5
Industrial Mixed-Use District
Allowed Uses
Various Light Industrial, Commercial, Residential, and Civic
Allowed Forms
General, Industrial, or Town House
Maximum Height
"5 Stories or 70' by Right
7 Stories or 95' with Incentives"
DO-7
Design Overlay - River North
Allowed Uses
All uses as allowed by underlying zoning district but requires street level active uses along Primary Street
Allowed Forms
Provides flexibility in design for the area covered by the 38th and Blake Station Area Height Amendments and the RiNo Business Improvement District
Maximum Height
"5 Stories or 70' by Right
7 Stories or 95' with Incentives"
UO-2
Billboard Use Overlay
Allowed Uses
All uses as allowed by underlying zoning district plus billboards
Photo Gallery
Contact
Denver Office
1331 17th Street | Suite 1000
Denver, CO 80202
Investment Advisors
Robert Bratley
Managing Director
541.729.9667
[email protected]
DRE #100039008
Jack Sanders
Director
720.474.5233
[email protected]
DRE #100075645
Mike Grippi
Senior Managing Director
303.888.3876
[email protected]
DRE #40033945
Pam Koster
Senior Managing Director
303.981.3622
[email protected]
DRE #100045388
3134 Walnut Street
3134 Walnut Street, Denver, CO, 80205
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