820 Clermont St - Medical FOR SALE


Denver, CO 80220- Hale
$3,800,000 USD
720-319-3252
820 Clermont St, Denver, CO for Sale
$3,800,000 USD
Medical - FOR SALE
1/9
null | Request Cap Rate

820 Clermont St
Denver, CO 80220
Hale


HIGHLIGHTS

  • Significant improvements to the property's infrastructure: new roof, new HVAC, moderized elevator systems, reinforced/resurfaced parking structure
  • Highly efficient LED lighting
  • Off-street parking
  • Walkable neighborhood with access to many dining options, sundries, parks, and entertainment
  • Surrounded by family-friendly neighborhoods such as Mayfair, Hilltop, Crestmoor, Congress Park, Lowry, and Park Hill

OVERVIEW

820 Clermont St – Prime Office Building in Denver’s Thriving Medical District. Overview: 820 Clermont St presents a unique opportunity to acquire a small office building located just one block from the Rose Hospital Medical Center, making it ideal for medical or professional office users. With 34% of the property currently leased, it's perfect for owner-occupiers looking to utilize part of the space while generating rental income from existing tenants. Property Highlights: - Location: One block from Rose Hospital Medical Campus, offering proximity to healthcare services and professionals. - Tenant Profile: The third floor is home to a dental practice on a long-term lease, providing stable cash flow. - Flexible Space: The second floor is a shell, ready for buildout, offering a blank canvas for customization. - Additional Offices: The first floor includes three speculative office spaces, perfect for immediate occupancy or lease. - Basement Potential: The basement is ideal for storage or could be renovated to create additional office space. - Parking: Ample parking options with a subterranean garage and surface parking available. Location & Development Potential: 820 Clermont St is positioned within the path of significant redevelopment, including the recently completed 9th and Colorado project and the ongoing redevelopment of the former VA hospital site on 9th Ave between Bellaire St and Clermont St. This property offers future upside potential as the area continues to grow and transform. Ideal for: - Medical office users - Professional office users - Investors looking for a mix of owner-occupancy and rental income Don’t miss this opportunity to own a versatile office building in a rapidly developing area!

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Clermont Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

G-MX-3

APN/PARCEL ID

6063-05-003

ASK ABOUT THIS PROPERTY

Eric ShawPinnacle Real Estate AdvisorsMore Info
720-319-3252

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Eric ShawPinnacle Real Estate AdvisorsMore Info
720-319-3252

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