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3538 S Pennsylvania St 1,322 SF Office Building Englewood, CO 80113 $675,000 ($510.59/SF)

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Investment Highlights

  • One block south of Swedish Medical Center, a major healthcare hub.
  • Current lease provides $27,900 annual income with scheduled increases through April 2028.
  • Excellent access to Hampden Avenue and major transportation routes.
  • Covered land opportunity with flexible M-2 zoning for multiple uses.
  • Walking distance to Safeway, restaurants, and retail centers for added convenience.

Executive Summary

This property presents a rare opportunity for an owner-user or investor seeking a prime location in Englewood’s thriving medical and retail corridor. Situated just one block south of Swedish Medical Center, the site offers exceptional convenience for healthcare-related businesses, professional offices, or redevelopment projects. The property’s M-2 zoning allows for a versatile mix of uses, including medical, office, residential, and limited retail, making it an attractive option for a variety of business models.
The existing structure, built in 1910, sits on a 0.14-acre lot with ten dedicated parking spaces, providing immediate functionality for an owner-occupant. Current tenancy generates $27,900 in annual income with $1,200 annual increases, offering cash flow potential while planning future use. The lease runs through April 2028, creating a stable short-term revenue stream.
Located within walking distance to Swedish Hospital, Safeway, and numerous dining and retail options, the property benefits from strong surrounding amenities and a high-traffic area. Hampden Avenue, a major east-west thoroughfare, is nearby, ensuring excellent regional connectivity. With a competitive price point and strategic location, this asset is ideal for medical professionals, small businesses, or developers looking to capitalize on Englewood’s growth and proximity to Denver’s urban core.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
1,322 SF
Building Class
B
Year Built
1910
Price
$675,000
Price Per SF
$510.59
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,322 SF
Building FAR
0.22
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
M-2 - (Medical/Office/Residential/Limited Retail)
Parking
10 Spaces (7.56 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
2077-03-1-03-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$67,500
  • Listing ID: 39355228

  • Date on Market: 2/6/2026

  • Last Updated:

  • Address: 3538 S Pennsylvania St, Englewood, CO 80113

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