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701 OLD ENGLEWOOD ROAD

Recently Sold
$2,800

BTC: 0.03486924

ETH: 1.12000000

Sold on: 2022-06-18
19 days
0 room(s)
2,642 sqft

Overview

This is a great opportunity to lease a commercial space in the beautiful Engelwood area. Currently it is occupied by a successful preschool and has a large .29 acre playground attached. This is a triple net lease and tenants will be responsible for all expenses that relate. Property has 4 bathrooms (1 is ADA), a kitchenette (no stove), and a total of 10 additional rooms which include an art area, class rooms, greeting area, school store. Lease includes playground area which make this an exceptional value as the playground is another lot on its own. Building has a security front entry system and fire alarm with monitoring. Building is fully furnished and all materials, and furnishings can purchased if desired. Additionally the business itself can be purchased if so desired and that would give new tenant the ability to use/own the rights to the well established reputation and school philosophy along with all lesson plans, educational tools, furnishings, and owner operator is willing to provide 2 weeks training for the right buyer. Staff is in place and will surely stay on board pending new owners approvals.

Location

Details

Type:
Commercial Lease
Parking:
6 to 12 Spaces
Year Built:
1973
Lot:
0.29 Acres
Heating:
Electric
Price/sqft:
$1
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$526,500
$340K – $1.7M
Confidence Low
List vs. estimate
$523K below estimate
List $2,800 · -99.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$1
-99.5% vs. city median $231
Based on
12 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,847
2021
Pets
Allowed
All facts and features
  • Flooring

    • Concrete

    • Porcelain Tile

    Heating

    • Electric

    Cooling

    • Central Air

  • Parking

    • 6 to 12 Spaces

    Lot

    • Lot: 0.29 Acres

    Other Property Information

    • Parcel Number: 0496040006

    • Zoning: OPI

  • Type and style

    • Property Type: Commercial Lease

    • Property Sub Type: Business

  • Utility

    • Electricity Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,847

  • Source details

    • MLS ID: A4530500

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Lot Features: Corner Lot

    • Living Area: 2642

    • Water Source: Public

    • Subdivision Name: ENGLEWOOD OF

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MEADOWS REAL ESTATE SERVICES