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$ 1,100,000
Est. payment | /mo
3,551 SqFt
$ 1,100,000
Est. payment | /mo
3,551 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,551 sqft
Price per Sqft $309
MLS Listing ID 5467507
Style A-Frame
HOA Y/N No
Year Built 1946
Annual Tax Amount $17,333
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Office
Source recolorado
Property Description
Located at the signalized intersection of West 38th Avenue and Federal Boulevard, 3025 W 38th Ave offers prime frontage in one of Denver's most dynamic and evolving commercial corridors. Sitting at the convergence of the Berkeley and Highlands neighborhoods, this property benefits from exceptional daily traffic counts, walkability, and direct access to both affluent residential communities and a dense mix of local businesses. The surrounding area continues to see investment in infrastructure and commercial infill, supporting long-term appreciation and tenant demand.
The property is currently occupied by a single, stable medical tenant—Serenity Dental Arts—under a long-term triple-net (NNN) lease with approximately four and a half years remaining and built-in annual rent escalations through 2030 with 2 five year options to renew. This lease structure provides predictable cash flow with minimal landlord responsibilities, making it ideal for passive investors. The tenant has an excellent reputation and operates profitably in a space optimized for dental or other medical office use, further enhancing the stickiness of occupancy.
Zoned U-MS-3, the property allows for up to three stories of development, giving investors the option to expand or redevelop in the future. With a lot size of over 5,600 square feet and six dedicated parking spaces, the site is well-positioned for vertical expansion or mixed-use repositioning. In a market where redevelopment sites with income in place are increasingly scarce, this property offers both immediate yield and long-term upside.
The property is currently occupied by a single, stable medical tenant—Serenity Dental Arts—under a long-term triple-net (NNN) lease with approximately four and a half years remaining and built-in annual rent escalations through 2030 with 2 five year options to renew. This lease structure provides predictable cash flow with minimal landlord responsibilities, making it ideal for passive investors. The tenant has an excellent reputation and operates profitably in a space optimized for dental or other medical office use, further enhancing the stickiness of occupancy.
Zoned U-MS-3, the property allows for up to three stories of development, giving investors the option to expand or redevelop in the future. With a lot size of over 5,600 square feet and six dedicated parking spaces, the site is well-positioned for vertical expansion or mixed-use repositioning. In a market where redevelopment sites with income in place are increasingly scarce, this property offers both immediate yield and long-term upside.
Location
State CO
County Denver
Zoning U-MS-3
Interior
Fireplace N
Exterior
Parking Features Concrete
Utilities Available Electricity Connected, Phone Connected, Sewer Connected
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Real Broker, LLC DBA Real
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