820 Clermont St Denver, CO 80220

This fee-simple, three-story medical office building at 820 Clermont St, Denver, CO 80220, offers a unique investment opportunity. The 12,649 square foot building, constructed in 1971 and extensively renovated in 2024, boasts a prime location just one block from Rose Medical Center. Currently operating at 34% occupancy (with a projected occupancy date of September 1, 2024), the property presents a chance for owner-user occupancy alongside rental income. The building features a long-term dental tenant on the third floor, a shell-ready second floor perfect for build-out, and three spec office spaces on the first floor. A basement provides ample storage, with potential for future office conversion. Parking is conveniently provided via a subterranean garage and surface lots, totaling 34 spaces. Recent improvements include a new roof, HVAC system, and elevator, along with resurfacing and reinforcement of the parking structure. The property sits on a 10,890 square foot lot, zoned G-MX-3, and is ideally positioned within a rapidly developing area, benefiting from nearby redevelopment projects. The asking price is $3,800,000, translating to $300.42 per square foot and $348.94 per square foot for land value. This presents a compelling opportunity for investors seeking a blend of immediate income and long-term appreciation potential in a thriving Denver location.