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Property profile

235 Sherman St Denver, CO 80209

OFF-MARKET
Specialty properties
57,191 SF 1.5 ac lot
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Property summary

AI-generated overview

This exceptional 57,191-square-foot special purpose property, zoned U-TU-B2, presents a unique opportunity in Denver's Central submarket. Located at 235 S Sherman St, Denver, CO 80209, this single-tenant facility sits on approximately 1.5 acres of land and boasts 30 parking spaces, supplemented by ample street parking. Currently configured as a school, the building features 21 classrooms and 8 administrative offices, making it ideal for educational or potentially adaptive reuse. Key features include a tournament-sized basketball gymnasium with boys' and girls' locker rooms, a warming and serving kitchen, and a cafeteria/lunchroom adaptable as a multipurpose space. A sloped auditorium/theater with a stage offers potential for renovation and repurposing. Outdoor amenities include a fenced playground with a large play structure, swings, a basketball court, and green space designed for K-8 use. The property enjoys convenient access to I-25 via Alameda or Lincoln/Broadway, and is within walking distance of the Alameda Light Rail Station, Safeway, Sam's Club, and various fast-food options. Its proximity to Washington Park (within one mile) adds to its desirability. This property offers significant potential for a variety of uses, given its size, location, and existing infrastructure.

Property profile

Verified
Property type Specialty properties
Total area 57,191 SF
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

235 Sherman St Denver, CO 80209
Denver metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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