1545 BroadwayDenver, CO 80223

Property Details for 1545 Broadway

Year built

1924

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

4,100 SF

Zone code

U-MS-3

Property type

Retail properties

Property subtype

Retail space

APN

05226-01-023-000

APU

522601023000

Description

This exceptional 4,010-square-foot retail property at 1545 South Broadway in Denver, Colorado, presents a unique investment or owner-user opportunity. Situated on a 6,248-square-foot lot, this single-tenant building boasts unparalleled visibility on a bustling South Broadway corridor. Originally constructed in 1924 and extensively renovated in 2019, the property is fully ADA compliant and ready for immediate occupancy. The building's current configuration is suitable for a coffee shop or cafe, but its versatile layout allows for a variety of retail uses. The zoning designation is U-MS-3, offering flexibility for potential tenants. Key features include a single building, an elevator, and ample space for both interior operations and potential outdoor seating. The property's prime location in Denver County, zip code 80223, ensures high foot traffic and excellent exposure to a diverse customer base. This is a rare chance to acquire a well-maintained, high-visibility retail space in a thriving Denver neighborhood. The entire 4,010 square feet is currently vacant, providing immediate possession for the new owner or tenant. Don't miss this chance to secure a piece of Denver's vibrant retail landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,293,309

  6.5%

  $1,193,823

  7%

  $1,108,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $853,630

  Geo Method

  $853,630

• Alternative Use

  Use

  Valuation

  Residential

  $1,007,035

  Hospitality

  $922,438

  Educational

  $767,458

  Medical

  $793,852

  Retail

  $1,193,823

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.6886

Longitude

-104.988

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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