58 Inverness E Dr Englewood, CO 80112-5104

Property Details for 58 Inverness E Dr

Year built

1981

Construction

FRAME

Lot size

1.91 lot acres

Property size

25,444 SF

Property type

Office buildings

APN

2075-35-2-12-002

APU

207535212002

Description

This exceptional investment opportunity presents a 24,868-square-foot, two-story Class B office building situated on a 1.8-acre lot in the prestigious Inverness Park of Englewood, Colorado. The property, built in 1981 and renovated in 2022, boasts a desirable location overlooking the 15th hole of The Club at Inverness, a renowned golf course and resort. Currently housing six tenants, the building enjoys 55.5% occupancy with a weighted average lease term (WALT) of 5.8 years, the earliest lease expiring in Q1 2029. This provides a strong foundation for an owner-user seeking to occupy the approximately 8,637 square feet of vacant first-floor space, allowing for a custom buildout. The property features 3.9 parking spaces per 1,000 square feet and is zoned I-1 (Light Industrial). The asking price is $2,995,000, translating to $120.44 per square foot. The fee-simple ownership offers significant long-term potential, enhanced by the property's proximity to Centennial Airport, a major general aviation hub. Rent bumps are included in the lease agreements. This presents a rare opportunity to acquire a well-maintained office building in a prime location with existing income and significant upside potential for an owner-occupier. The property's address is 58 Inverness Dr E, Englewood, CO 80112, and its APN is 034140107.

Location Insight

City

Englewood

County

Arapahoe

State

Colorado

Longitude

-104.858

Latitude

39.5772

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments