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Englewood Medical/Dental Office Building

3515 S Delaware St, Englewood, CO

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For Sale

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9,696 SF medical/dental office building for sale in Englewood.

Type:OFFICE

Property size:

9,696 SF

Lot size:

0.47 Acres

Price / SF:

$206/SF

HighLights

Mixed‑Use Zoning (MU‑B‑2) allows for a wide range of permitted uses.
Seller Financing Opportunity provides attractive access to capital.
26 on‑site parking spaces offer convenience.
Located in a high‑demand Southwest Denver submarket.
Currently operating as a Medical/Dental office, presenting immediate income potential.
Located in an enterprise zone.

We can help!

Listing Contact

Adrian Espinoza

For Sale

Contact for pricing

9,696 SF medical/dental office building for sale in Englewood.

Type:OFFICE

Property size:

9,696 SF

Lot size:

0.47 Acres

Price / SF:

$206/SF

Added:: Jul 26, 2024
Days on Market:: 690
Last Refresh:: May 20 at 9:17 pm

Property Features for 3515 S Delaware St

General Information

Standard status: Active
Size: 9,696 SF
Lot size: 0.47 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Adrian Espinoza

Listing agent Adrian Espinoza

Listing office Espi Agency

Listing date Jul 26, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Espi Agency

HighLights

Mixed‑Use Zoning (MU‑B‑2) allows for a wide range of permitted uses.
Seller Financing Opportunity provides attractive access to capital.
26 on‑site parking spaces offer convenience.
Located in a high‑demand Southwest Denver submarket.
Currently operating as a Medical/Dental office, presenting immediate income potential.
Located in an enterprise zone.

Overview

This 9,696 square foot building, constructed in 1961, is currently operating as a medical/dental office with additional office space in the basement. Located in the Southwest Denver submarket, the property has Mixed-Use General Arterial Business Zone District (MU-B-2) zoning, which allows for a wide range of permitted uses. The property features 26 on-site parking spaces and is located in an enterprise zone. The current owner, STRIDE Community Health Center, requests a short-term sale-leaseback arrangement. The seller is considering seller financing. The property is competitively priced within the submarket and benefits from low vacancy rates and strong demand from thriving industries such as healthcare, defense, and engineering. This property offers investment potential due to its location and flexible zoning.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$215.3k	$22.20
− Vacancy	−$25.8k	−$2.66
EGI	$189.4k	$19.54
− OpEx	−$75.8k	−$7.81
NOI	$113.7k	$11.72

9,696 SF · lease $22.20/SF/yr · vacancy 12.00% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,653 @ 7.0% cap · market cap 5.69%

Second Best

Office B

$1.51M

$1.33M – $1.77M (±1% cap)

NOI $106,033 @ 7.0% cap · market cap 5.31%

Theoretical Best

Multifamily LT 5

$143.95M

$125.96M – $167.95M (±1% cap)

NOI $10,076,823 @ 7.0% cap · market cap 504.35%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Englewood Health Center Medical Clinic Metro Community Provider ... Medical Clinic Coscio Catherine Registered General Nurse Dr. Kristin Orlowski Physician Dr. Tracy Hofeditz Pediatrician

Suggested Use

Similar Places Nearby

Cherrelyn Animal Hospital — 4690 S Broadway, Englewood, CO 80113
Belleview Animal Clinic — 200 W Lehow Ave, Englewood, CO 80110
UrgentVet — 5124 S Broadway, Englewood, CO 80113

Location Insight

Map
Local Demand

City: Englewood
County: Arapahoe
State: Colorado
Longitude: -104.993
Latitude: 39.6526

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For sale
Medical Office Space
CO
Englewood
3515 S Delaware St

What type of property is this?

Medical Office Space - 9,696 SF medical/dental office building for sale in Englewood.

Where is this medical office space located?

The property is located at 3515 S Delaware St Englewood, CO.

What is the asking price?

The asking price for this property is $1,998,000.

What are key features of this property?

This property features: Mixed‑Use Zoning (MU‑B‑2) allows for a wide range of permitted uses.; Seller Financing Opportunity provides attractive access to capital.; **26 on‑site parking spaces offer convenience.**

3515 S Delaware St, Englewood, CO

9,696 SF medical/dental office building for sale in Englewood.

Property Features for 3515 S Delaware St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Englewood Commercial Property with Carwash

Englewood Retail/Redevelopment Opportunity

Restaurant with Drive-Thru on Zenith

Englewood Retail Space for Lease

Mixed-Use Property on South Broadway

Gas Station with Car Wash

Englewood Multi-Tenant Industrial Property

Englewood Multi-Tenant Industrial Asset

Englewood Office/Warehouse with Class A Finishes

Englewood Multi-Tenant Industrial Asset

Englewood Apartments: Garden-Style Investment

Englewood Office/Warehouse with Class A Finishes

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