Pinnacle Announces the Sale of 17,850 SF Urban Infill Site in Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2739 West 24th Avenue located in Denver, Colorado. The 17,850 square foot parcel sold on November 24, 2015 for $1,532,500 or $86 per square foot. Billy Riesing, Advisor at Pinnacle Real Estate Advisors, represented the seller. Diamond Hill Condominiums, LLC, in the transaction.

“Jefferson Park continues to be one of urban Denver’s hottest infill markets.  Market values for land are a direct reflection of the neighborhood’s prime location and favorable zoning, the continued activity of developers/builders constructing high-density residential product, and the high demand for this product on the retail market,” stated Billy Riesing, Advisor at Pinnacle Real Estate Advisors.