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Englewood Medical/Dental Office Building

3515 S Delaware St, Englewood, CO 80110

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For Sale

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9,696 SF building in Southwest Denver with mixed-use zoning.

Type:Mixed Use, Office

Property size:

9,696 SF

Price / SF:

$190/SF

HighLights

Mixed‑Use Zoning (MU‑B‑2) allows for a wide range of permitted uses.
Located in the Southwest Denver submarket, benefiting from low vacancy rates and strong demand.
Currently operating as a Medical/Dental office, presenting immediate income potential.
26 on‑site parking spaces provide convenience.
9,696 SF building offers substantial space.
Competitively priced, representing a strong investment opportunity.

We can help!

Listing Contact

Adrian Espinoza Sr.

For Sale

Contact for pricing

9,696 SF building in Southwest Denver with mixed-use zoning.

Type:Mixed Use, Office

Property size:

9,696 SF

Price / SF:

$190/SF

Added:: Jul 26, 2024
Days on Market:: 690
Last Refresh:: May 12 at 8:31 pm

Property Features for 3515 S Delaware St

General Information

Standard status: Active
Size: 9,696 SF
Property subtype: Mixed Use, Office

Building Details

Year Built: 1961

We can help!

Listing Contact

Adrian Espinoza Sr.

Listing agent Adrian Espinoza Sr. License #ER100081969

Listing office Espi Agency L.L.C.

Listing date Jul 26, 2024

Source Crexi

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 L.L.C.

HighLights

Mixed‑Use Zoning (MU‑B‑2) allows for a wide range of permitted uses.
Located in the Southwest Denver submarket, benefiting from low vacancy rates and strong demand.
Currently operating as a Medical/Dental office, presenting immediate income potential.
26 on‑site parking spaces provide convenience.
9,696 SF building offers substantial space.
Competitively priced, representing a strong investment opportunity.

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 benefits from 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 property is competitively priced within the submarket, which benefits from low vacancy rates and strong demand from industries such as healthcare, defense, and engineering. This property offers a rare investment opportunity with significant growth potential.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$215.3k	$22.20
− Vacancy	−$30.4k	−$3.13
EGI	$184.9k	$19.07
− OpEx	−$69.3k	−$7.15
NOI	$115.6k	$11.92

9,696 SF · lease $22.20/SF/yr · vacancy 14.10% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$1.65M

$1.44M – $1.93M (±1% cap)

NOI $115,563 @ 7.0% cap · market cap 6.25%

Second Best

Healthcare Medical

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,653 @ 7.0% cap · market cap 6.15%

Theoretical Best

Multifamily LT 5

$143.95M

$125.96M – $167.95M (±1% cap)

NOI $10,076,823 @ 7.0% cap · market cap 544.99%

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

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Location Insight

Map
Local Demand

City: Englewood
County: Arapahoe
State: Colorado
Longitude: -104.9927097
Latitude: 39.6526101

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For sale
Medical Office Space
CO
Englewood
80110
3515 S Delaware St

What type of property is this?

Medical Office Space - 9,696 SF building in Southwest Denver with mixed-use zoning.

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 $1,849,000.

What are key features of this property?

This property features: Mixed‑Use Zoning (MU‑B‑2) allows for a wide range of permitted uses.; Located in the Southwest Denver submarket, benefiting from low vacancy rates and strong demand.; Currently operating as a Medical/Dental office, presenting immediate income potential.