1824 BroadwayDenver, CO 80210

Property Details for 1824 Broadway

Year built

1950

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

10,976 SF

Zone code

U-MS-3

Property type

Warehouses

APN

05227-31-004-000

APU

522731004000

Description

This exceptional 10,976 square foot retail property, located at 1824 S. Broadway in Denver, Colorado, presents a unique investment opportunity. Built in 1950, the single-tenant building sits on a 12,197 square foot lot and is currently zoned U-MS-3. A significant portion of the space, totaling 6,400 square feet, is currently vacant, offering immediate potential for lease income. The property's prime location in Denver County, zip code 80210, ensures high visibility and accessibility for businesses. The existing structure provides a solid foundation for a variety of retail or office uses, catering to diverse business needs. With its substantial square footage and strategic location, this property is ideally suited for businesses seeking a prominent presence in a thriving Denver market. The property's history and existing infrastructure offer a blend of established character and adaptable space, making it an attractive proposition for both established businesses and new ventures. The ample vacant space allows for customization and tenant build-out to suit specific operational requirements. This is a rare opportunity to acquire a well-situated retail property in a dynamic urban environment. The property's location offers excellent access to transportation networks and a dense population base, ensuring a strong customer catchment area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,603,940

  6.5%

  $5,172,870

  7%

  $4,803,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,450,940

  Geo Method

  $1,450,940

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,589,620

  Mixed-Use / Specialty

  $2,530,740

  Hospitality / Lodging

  $1,792,090

  Office

  $2,464,000

  Institutional / Educational

  $2,613,210

  Residential Income

  $3,057,460

  Multifamily

  $3,942,170

  Automotive / Energy

  $2,239,890

  Parking / Income-Based Land

  $822,009

  Restaurant / Food Service

  $1,210,310

  Healthcare / Senior Housing

  $2,646,140

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.6835

Longitude

-104.987

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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