Prime Retail on South Pearl Street for Sale or Lease

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30125366
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 2,000 SF
Gross Building Area: See Agent
Gross Land Area: 3,146 SF
Sale Price: $1,400,000
Unit Price: $700 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2017

Overview / Comments

Prime retail space on South Pearl Street. 1545 South Pearl Street is a 2,000 SF two story building on a 3,146 SF lot. The first floor is retail/office and is available at $35.00 NNN. The second floor is currently an apartment. Zoning allows for retail, office or mixed use. There is Transit Oriented Development just a few blocks North at the Pearl Street Station. The station is situated along I-25 at Louisiana Ave. and is designed to serve the immediate neighborhoods of Platt Park, West Washington Park and Washington Park. The bus system also has plenty of stops along South Pearl Street and East Iowa Avenue, making the 2 mile trek to downtown very easy. There are plenty of bike lanes, including two B-Cycle stops at Florida/Pearl and the Louisiana light-rail station.

Additional Details

Nearest MSA: Denver-Aurora-Lakewood
County: Denver
Zoning: U-MS-2
Retail Clientele: General, Family, Business, Tourist
Property Located Between: East Florida Avenue and East Iowa Avenue
Property Visibility: Excellent
Feet of Frontage: 27
Highway Access: I-25
Site Description: 3,146 SF lot with 27 feet of Retail frontage on South Pearl Street
Area Description: South Pearl Street is one of Denver’s most historical, charming, and popular shopping districts. Stretching from Buchtel to Jewell Avenues, the laid-back neighborhood features an eclectic mix of locally-owned merchants, shops, boutiques, restaurants and pubs. Today, Light Rail moves thousands of riders through the Pearl Street Station every day and unique retailers, renowned eateries, trend-setting boutiques, personal service providers as well as popular music festivals and weekend farmers’ markets make South Pearl Street a fun and funky experience.
Property Condition: Good
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Radiant
Zoning Description: U-MS-2 (Urban-Main Street-2 Story) U-MS-2 applies to areas or intersections served primarily by local streets embedded within an existing or proposed neighborhood where a building scale of 1 to 2 stories is desired. The U-MS-2 district is intended to provide for appropriate locations for traditional corner commercial establishments located within a residential neighborhood. https://www.denvergov.org/content/dam/denvergov/Portals/646/documents/Zoning/DZC/Denver_Zoning_Code_Article5_Urban.pdf
Lot Frontage: 27
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,733 205,087 539,663
Median Age: 34.71 35.2 35.75
Households: 8,214 92,518 247,863
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