134 BroadwayDenver, CO 80209

Property Details for 134 Broadway

Year built

1964

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

5,976 SF

Zone code

U-MS-3

Property type

Retail properties

Property subtype

Auto shops

APN

05104-23-004-000

APU

510423004000

Description

This exceptional 5,976 square foot industrial property, located at 134 S Broadway in Denver, Colorado, presents a rare investment opportunity. The single-story building sits on a 6,250 square foot lot and is zoned U-MS-3, allowing for diverse uses. Currently configured as a 10-bay auto shop and warehouse, the property offers significant potential for continued operation in its current state or adaptive reuse for retail purposes. The property boasts excellent visibility and signage opportunities, ideal for attracting customers. Its central Denver location provides easy access to numerous amenities and new developments, enhancing its appeal to both users and investors. The property includes 10 loading docks, making operations efficient. The current tenancy is month-to-month, providing flexibility for the new owner. This is a unique chance to acquire a well-situated property with substantial upside in a thriving Denver market. The asking price is $1,400,000. This owner/user investment opportunity is perfect for those seeking a strong return on investment or a prime location for their business. Don't miss this chance to secure this versatile and strategically located asset.

• CAP approach

  CAP return

  Valuation

  6%

  $1,885,076

  6.5%

  $1,740,070

  7%

  $1,615,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,244,218

  Geo Method

  $1,244,218

• Alternative Use

  Use

  Valuation

  Residential

  $1,467,814

  Hospitality

  $1,344,510

  Educational

  $1,118,617

  Medical

  $1,157,088

  Retail

  $1,740,070

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7141

Longitude

-104.987

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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