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    1165 Pennsylvania St Denver, CO 80210

    Sponsored
    For Sale
    $5,075,000

    Prime Denver office, 15,603 SF, 9 units.

    Property size:
    15,603 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 15,603-square-foot office building, known as The Penn, presents a compelling investment opportunity in Denver's desirable Platt Park neighborhood. Built in 1989 and renovated in 2008, the Class B property boasts nine units and sits on a substantial 24,332-square-foot lot. Its U-MS-3 zoning offers flexibility for various uses. The building benefits from high visibility and signage along I-25, experiencing traffic of over 200,000 vehicles daily. Its convenient location provides a 10-minute walk to the vibrant South Pearl Street, and is just 1.5 blocks from the Light Rail station at Louisiana and Pearl. The property's proximity to Wash Park and the University of Denver further enhances its appeal. The asking price is $5,075,000. The building offers the rare advantage of on-site parking, making it an attractive option for owner-users, value-add investors, or those seeking redevelopment potential. This prime Denver urban infill real estate presents a unique chance to acquire a well-located, income-producing asset in a thriving market. The property's address is 1165 S Pennsylvania St, Denver, CO 80210.

    Property Features for 1165 Pennsylvania St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,603 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1989/2008
    Stories
    2
    Units
    9

    HighLights

    • Prime Denver urban infill real estate opportunity.
    • High visibility and signage on I‑25, with over 200,000 vehicles daily.
    • 10‑minute walk to South Pearl Street.
    • 1.5 blocks from Light Rail station at Louisiana & Pearl.
    • Close proximity to Wash Park and the University of Denver.
    Property Profile Location Intelligence

    Current Use by Public Records

    Robert Cole: Allstate ... Auto Insurance Agency Waddell & Reed, Inc. ... Financial Planner Finna Sensors Industrial Equipment Supplier STRATEGIC EVALUATIONS Counselor Trinen Realty Partners Commercial Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.9818527
    Latitude
    39.6953562

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Denver office, 15,603 SF, 9 units.
    Where is this office property / space located?
    The property is located at 1165 Pennsylvania St Denver, CO.
    What is the asking price?
    The asking price for this property is $5,075,000.
    What are key features of this property?
    This property features: Prime Denver urban infill real estate opportunity.; High visibility and signage on I-25, with over 200,000 vehicles daily.; 10-minute walk to South Pearl Street.
    (720) 257-5183
    Request Owner's contact information
    1165 Pennsylvania St Denver, CO 80210
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    Denver, CO 80210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1165 Pennsylvania St Denver, CO 80210
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