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.