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South Pearl Shops

Denver, CO 80210

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Owner/User or investment opportunity in historic Platt Park neighborhood

Blue West Capital is pleased to exclusively offer for sale the single-tenant retail property located at 1568-1570 South Pearl Street. The 2,033 square foot property is currently occupied by 5 Green Boxes. The tenant is on a month-to-month lease with a significantly below market rental rate. The flexible lease term provides income to the new owner while they implement their investment strategy. The property features a one-car garage and two off-street parking spaces. The 5,066 square foot parcel is zoned U-MS-2 which allows for the development of two stories.

The property is centrally located in the Platt Park neighborhood with 18,160 residents and an average annual household income of $169,000 within one mile. It is situated just 3 miles south of downtown Denver and 1 mile northwest of the University of Denver. Historic South Pearl Street retail has seen ongoing success because of the strong demographics, high foot traffic, and recurring neighborhood events including the South Pearl Farmer’s Market.

Investment Highlights

  • Irreplaceable location along one of the busiest blocks of South Pearl Street
  • Current lease rate of $26/sf gross is significantly below the market rate of $55/sf NNN
  • Occupied by 5 Green Boxes on a month-to-month lease (do not disturb tenant)
  • Month-to-month lease gives the new owner ample time to implement their investment plan
  • Single car garage and two off-street parking spaces

Location Highlights

  • Affluent surrounding area with an average annual household income of $169,000 within one mile
  • Densely populated area with over 18,000 residents within one mile and 184,000 within three miles
  • Median home value of approximately $850,000 within a 1.5-mile radius
  • Proximity to the University of Denver (13k students), Washington Park, and South Broadway

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031