1557 Ogden StDenver, CO 80218

Property Details for 1557 Ogden St

Year built

1905

Property size (Sq ft)

9,328 SF

Property type

Office properties

Property subtype

Office space

Description

This stunning three-story, 9,328 square foot office building in Denver's Uptown neighborhood presents a unique investment opportunity. Built in 1905 and extensively renovated in 2022, the property boasts 21 individual offices, perfect for multi-tenant leasing or owner-occupancy. The building features preserved original woodwork, fireplaces, and large windows, complemented by modern updates throughout. Shared amenities include two kitchens, communal lounge areas, waiting spaces, and restrooms. With a 100% occupancy rate, a current NOI of $186,822, and a pro-forma NOI of $182,201, this property offers a strong 9.34% cap rate and a pro-forma cap rate of 9.11%. The 7,250 square foot lot is zoned G-RO-3. The asking price is $2,000,000, with a price per square foot of $214.41 and a land value price per square foot of $275.86. Off-street parking is available. Its prime location offers proximity to restaurants, shops, and essential services. This is an exceptional opportunity for investors seeking a high-return property or owner-users looking for a prestigious Denver location. The net rentable square footage is 7,140 square feet.

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7412

Longitude

-104.975

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