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609 E Speer Blvd 5,634 SF 100% Leased Office Building Denver, CO 80203 $1,660,000 ($294.64/SF)
Executive Summary
Pinnacle Real Estate Advisors is pleased to present 609 E. Speer, a multi-tenant retail / office opportunity for sale.
609 E Speer is a gem: minutes from both Cherry Creek and Denver’s downtown core, with excellent visibility along one of Denver’s most prestigious thoroughfares, with signage and off-street parking.
Owner-users have an opportunity to manage their occupancy cost below the cost of leasing in the submarket. For investors, the property is primed to be re-positioned from an office asset to a service-based retail building, with attractive suite sizes that are difficult to find in central Denver.
The property is offered for sale at $1,660,000, $312 per SF.
609 E Speer is a gem: minutes from both Cherry Creek and Denver’s downtown core, with excellent visibility along one of Denver’s most prestigious thoroughfares, with signage and off-street parking.
Owner-users have an opportunity to manage their occupancy cost below the cost of leasing in the submarket. For investors, the property is primed to be re-positioned from an office asset to a service-based retail building, with attractive suite sizes that are difficult to find in central Denver.
The property is offered for sale at $1,660,000, $312 per SF.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
5,634 SF
Building Class
B
Year Built/Renovated
1965/2020
Price
$1,660,000
Price Per SF
$294.64
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,784 SF
Building FAR
1.62
Lot Size
0.08 AC
Zoning
U-MX-3 - Urban - Mixed Use - 3 story
Parking
11 Spaces (1.95 Spaces per 1,000 SF Leased)
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Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5113-22-022 | Improvements Assessment | $77,360 |
| Land Assessment | $77,360 | Total Assessment | $595,900 |
Property Taxes
Parcel Number
5113-22-022
Land Assessment
$77,360
Improvements Assessment
$77,360
Total Assessment
$595,900
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Map
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Contact the Sale Advisor
609 E Speer Blvd