If you haven't heard yet, Trader Joe's is coming to Downtown Denver. It will be the 4th store opened in Colorado and the reports say it will be open by the end of 2014. This one will be located at 7th and Logan across from Governor's Park. For those living in Central and West Denver, it will certainly be a relief and is already bringing lots of excitement.
And while this is good news for Trader Joe's enthusiasts, it is also good news for Real Estate in this area. One of the biggest complaints of Downtown living is the lack of good grocery stores. This isn't going to help out residents in Lodo too much, but for residents in eastern Downtown, this will believe it or not, have an impact on property values. I've had numerous buyers decide to not buy in areas of Downtown that weren't close enough to a grocery store so something as simple as Trader Joe's can have an impact on property values.
Since it can have an impact on property values, expect to see investors move into this area. This area has always been a strong rental market and an easy cash flow for condos since most are priced below $200,000. If you have been looking to invest in Real Estate, this could be a perfect opportunity to get into this area so let's talk.
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