134 BroadwayDenver, CO 80209

  • Auto shops
  • 5,976 SF
For Sale
$1,400,000 View listing

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
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,527,440
    6.5%
    $1,409,950
    7%
    $1,309,240
  • Comparable approach

    Method
    Valuation
    Relative Method
    $513,487
    Geo Method
    $513,487
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,816,420
    Mixed-Use / Specialty
    $1,377,890
    Hospitality / Lodging
    $975,722
    Office
    $1,341,550
    Institutional / Educational
    $1,422,790
    Residential Income
    $1,664,660
    Multifamily
    $2,146,360
    Automotive / Energy
    $1,219,530
    Parking / Income-Based Land
    $447,552
    Restaurant / Food Service
    $658,964
    Healthcare / Senior Housing
    $1,440,720

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,301
$192,180
$108,530
$300,710
-
$718,800
$389,000
$1,107,800

FAQs

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