472 BroadwayDenver, CO 80203
- Retail properties
- 1,378 SF
Property Details for 472 Broadway
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 1,378 SF
- Zone code
- C-MS-8
- Property type
- Retail properties
- Property subtype
- Drive through restaurants
- APN
- 05101-07-001-000
- APU
- 510107001000
Description
This exceptional Denver retail property at 472 N Broadway offers 1,378 square feet of vacant space, ideal for a quick-service restaurant or similar use. Boasting a rare drive-through, this single-story, 1988-built building sits on a 0.22-acre lot with 20 parking spaces. The property is zoned B8 and features excellent street visibility, superior traffic counts, and an income-producing billboard. Currently vacant, the property presents a unique owner/user or investment opportunity. The previous tenant's lease expires February 28, 2025, with the billboard lease available for negotiation or renewal thereafter. Located in a densely populated area near major highways and public transportation, this property offers unparalleled access and exposure. The land value is $142.44 per square foot. This is a prime opportunity to establish a thriving business in a highly desirable Denver location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $434,678
- 6.5%
- $401,241
- 7%
- $372,581
-
Comparable approach
- Method
- Valuation
- Relative Method
- $286,903
- Geo Method
- $286,903
-
Alternative Use
- Use
- Valuation
- Residential
- $338,462
- Hospitality
- $310,029
- Educational
- $257,941
- Medical
- $266,812
- Retail
- $401,241
Location Insight
- City
- Denver
- County
- Denver
- State
- Colorado
- Latitude
- 39.7239
- Longitude
- -104.987
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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