3978 BroadwayEnglewood, CO 80113

Property Details for 3978 Broadway

Year built

1927

Construction

CONCRETE BLOCKS

Lot size

0.07 AC

Property size (Sq ft)

2,950 SF

Property type

Retail properties

Property subtype

Bars

APN

2077-03-4-08-011

APU

207703408011

Description

This 2,950 square foot retail property, located at 3978 S Broadway in Englewood, Colorado (zip code 80113), is a single-story building zoned MU-B-2. Currently configured as a bar and restaurant, this established location boasts a high traffic count of 31,883 vehicles per day (MPSI) on a major thoroughfare. The asking price is $749,900, translating to $254.20 per square foot. The property is being offered as an owner/user investment opportunity. While not currently licensed, it previously held a tavern license, and obtaining a new license is considered straightforward. The existing layout features a large bar and open seating area, designed for efficient management and low labor costs. A potential owner could easily expand operations by adding a small kitchen to increase revenue streams. This presents a rare opportunity, as second-generation bar properties are seldom available for sale. The property's history as a well-known, long-standing bar makes it an attractive prospect for an owner-operator seeking to build wealth through real estate investment. The property is situated in Arapahoe County, Colorado.

• CAP approach

  CAP return

  Valuation

  6%

  $930,551

  6.5%

  $858,970

  7%

  $797,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $614,197

  Geo Method

  $614,197

• Alternative Use

  Use

  Valuation

  Residential

  $724,574

  Hospitality

  $663,706

  Educational

  $552,195

  Medical

  $571,186

  Retail

  $858,970

Location Insight

City

Englewood

County

Arapahoe

State

Colorado

Latitude

39.6444

Longitude

-104.987

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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