Retail Investment Opportunity in
For Sale
Contact for pricing
1278 Pennsylvania St, Denver, CO 80203
NNN leased retail property in Capitol Hill neighborhood for sale.
Property Size5,985 SF
Price / SF$483.71
Days on Market765
Property Features for 1278 Pennsylvania St
General Information
Standard status
Active
Size
5,985 SF
Property subtype
Retail
Building Details
Year Built
1923
Listing Agency:
Shames Makovsky
(303) 888-0002
Listed By:
Solomon Stark · License #CO
Source:
Crexi
Added: Jul 2, 2024
Changed: Jul 10
Last Checked: Aug 4 at 3:13PM
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 Shames Makovsky
Investment Insights
Based on property information with market context.
Located at 1278 N Pennsylvania Street, Denver, CO 80203, this property presents a retail investment opportunity. The property is 100% leased under a NNN basis, which entails minimal landlord responsibilities. The property is currently leased to two tenants: The Pub on Penn and King’s Smoke & Vape. Situated in the heart of Denver’s Capitol Hill neighborhood, the property benefits from high visibility on the signalized, hard corner of 13th and Pennsylvania. It also features an abundance of off-street parking and accessibility to major thoroughfares such as Broadway, Colfax, and Speer Blvd. With a property size of 5985 square feet, this stabilized investment opportunity is suitable for investors in a 1031 exchange.
Key Highlights
- 100% leased under a NNN basis with minimal landlord responsibilities, providing a stabilized investment.
- Rare retail investment opportunity in the heart of Capitol Hill, one of Denver’s most vibrant neighborhoods.
- Fantastic visibility on the signalized, hard corner of 13th and Pennsylvania.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.8k | $20.52 |
| − Vacancy | −$5.8k | −$0.96 |
| EGI | $117.0k | $19.56 |
| − OpEx | −$29.3k | −$4.89 |
| NOI | $87.8k | $14.67 |
5,985 SF · lease $20.52/SF/yr · vacancy 4.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,780 @ 7.0% cap · market cap 3.03%
Second Best
Retail
$1.17M
$1.02M – $1.37M
NOI $81,928 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,367 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,344
Businesses Nearby
152k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 37%
Hotels & Casinos 7%
Beauty & Spa 1%
McDonald's
Dining
31,534 visits/mo
0.3 miles
Circle K
Shops & Services
18,015 visits/mo
0.4 miles
Wendy's
Dining
15,486 visits/mo
0.4 miles
Torchy's Tacos
Dining
12,418 visits/mo
0.4 miles
Cheba Hut
Dining
10,478 visits/mo
0.3 miles
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
Market
Vacancy Rate% for Retail in Denver, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - NNN leased retail property in Capitol Hill neighborhood for sale.
Where is this retail space located?
The property is located at 1278 Pennsylvania St Denver, CO.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 100% leased under a NNN basis with minimal landlord responsibilities, providing a stabilized investment.; Rare retail investment opportunity in the heart of Capitol Hill, one of Denver’s most vibrant neighborhoods.; Fantastic visibility on the signalized, hard corner of 13th and Pennsylvania.
