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Historic Landmark Office Building For Sale

2009 Market St, Denver, CO

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For Sale

Contact for pricing

Renovated office building with flexible zoning and high visibility.

Type:OFFICE

Property size:

6,595 SF

Lot size:

0.12 Acres

Price / SF:

$272/SF

HighLights

Walking distance to prominent restaurants & retail, and only a 10 min walk to Union Station.
High visibility at signalized intersection with high traffic and foot traffic.
Flexible B‑8 zoning allows for a multitude of uses.
Two‑story layout ideal for office use with multiple private/shared offices, conference room, and community space.
Second floor features community space, patio access, and wet bar.
Historic landmark with elegant charm, renovated in 1994.

We can help!

Listing Contact

Patrick Henry

For Sale

Contact for pricing

Renovated office building with flexible zoning and high visibility.

Type:OFFICE

Property size:

6,595 SF

Lot size:

0.12 Acres

Price / SF:

$272/SF

Added:: Nov 6, 2024
Days on Market:: 588
Last Refresh:: May 20 at 8:43 pm

Property Features for 2009 Market St

General Information

Standard status: Active
Size: 6,595 SF
Lot size: 0.12 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Patrick Henry

Listing agent Montana Rae License #FA01319334

Listing office Henry Group Real Estate

Listing date Nov 6, 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 Henry Group Real Estate

HighLights

Walking distance to prominent restaurants & retail, and only a 10 min walk to Union Station.
High visibility at signalized intersection with high traffic and foot traffic.
Flexible B‑8 zoning allows for a multitude of uses.
Two‑story layout ideal for office use with multiple private/shared offices, conference room, and community space.
Second floor features community space, patio access, and wet bar.
Historic landmark with elegant charm, renovated in 1994.

Overview

This historic landmark office building, renovated in 1994, offers elegant charm and high visibility at a signalized intersection with desirable traffic and foot traffic. The flexible B-8 zoning allows for a multitude of uses. The first floor layout includes two large single or shared offices, two private offices, and a conference room. The second floor features five large single offices, a community space, patio access, and a wet bar. The property is within walking distance of multiple prominent restaurant and retail options and a 10-minute walk to Union Station transportation. The property size is 6,595 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$174.1k	$26.40
− Vacancy	−$45.3k	−$6.86
EGI	$128.8k	$19.54
− OpEx	−$32.2k	−$4.88
NOI	$96.6k	$14.65

6,595 SF · lease $26.40/SF/yr · vacancy 26.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,630 @ 7.0% cap · market cap 5.37%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.10M

$1.84M – $2.45M (±1% cap)

NOI $146,960 @ 7.0% cap · market cap 8.16%

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

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -104.993
Latitude: 39.7542

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For sale
Office buildings
CO
Denver
2009 Market St

What type of property is this?

Office building - Renovated office building with flexible zoning and high visibility.

Where is this office building located?

The property is located at 2009 Market St Denver, CO.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Walking distance to prominent restaurants & retail, and only a 10 min walk to Union Station.; High visibility at signalized intersection with high traffic and foot traffic.; Flexible B‑8 zoning allows for a multitude of uses.

2009 Market St, Denver, CO

Renovated office building with flexible zoning and high visibility.

Property Features for 2009 Market St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Building on Colfax

Retail Investment Opportunity in Denver

Turnkey Retail Salon & Med Spa

Renovated Triplex in West Wash

Updated Duplex in Hale Neighborhood

Denver Restaurant Opportunity on Broadway

Duplex with Two 2BR Units

Freestanding Retail Building with Upper Space

Versatile Warehouse/Storage Unit in Denver

Automotive Dealership on Colfax Avenue

Two-Building Opportunity in Denver

Industrial Property in West Broadway

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