700 S Pearl St - Apartments FOR SALE


Denver, CO 80209
$2,050,000 USD
720-738-1671
700 S Pearl St, Denver, CO for Sale
$2,050,000 USD
Apartments - FOR SALE
1/18
null | 5.34% Cap Rate

700 S Pearl St
Denver, CO 80209


HIGHLIGHTS

  • Location, Location, Location
  • Six Blocks from Wash Park, RT D Light Rail & Whole Foods
  • Surrounded by Neighborhood Eateries and Coffee Shops
  • Well Maintained during 40-year Family Ownership
  • Obvious Rental Upside with Additional Renovation

OVERVIEW

700 South Pearl is an irreplaceable mixed-use property in the heart of Denver’s West Washington Park neighborhood. Originally home to a turn-of-the-century drug store, the building contains nine one-bedroom apartments and a stunning storefront office suite. The property is being marketed for the first time in over 40 years! The building anchors a charming block of commercial spaces and small businesses that serve the surrounding community. Residents enjoy the quiet convenience of the neighborhood and its namesake, Denver’s iconic Washington Park, that is a short walk away.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

9

PRICE/UNIT

$227,778

CAP RATE

5.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,125 SF

ZONING

B2

APN/PARCEL ID

5156-02-041

ASK ABOUT THIS PROPERTY

Greg JohnsonNorthPeak Commercial AdvisorsMore Info
720-738-1671

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Greg JohnsonNorthPeak Commercial AdvisorsMore Info
720-738-1671

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.