Historic Mixed-Use Main Street
2340 W Main Street, Littleton, CO 80120
For Sale
$750,000
Pending
Two-story downtown property combines leased ground-floor retail with adaptable upper-level space for residential or office conversion.
Property Size1,742 SF
Days on Market46
Property Features for 2340 W Main Street
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Milehimodern
Listed By:
Greg Smith
(303) 543-5720
Source:
Coloradohomesource
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 6 at 8:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Milehimodern
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Investment Insights
Based on property information with market context.
This two-story mixed-use building at 2340 W Main St includes a leased ground-floor bridal boutique and approximately 1,400 SF of unfinished space above. The upper level is identified for potential conversion into one residence, two apartments, a furnished extended-stay rental, or boutique creative office space. The property was built in 1909 and retains Main Street storefront character, with an opportunity to add another story. The existing retail tenancy is month-to-month, allowing ownership flexibility without a long-term lease commitment.
The building is located in Historic Downtown Littleton, a walkable retail district within a half-mile of the RTD D Line’s Littleton/Downtown station. Downtown improvements are planned through Project Downtown, including reconstructed streetscape elements, wider sidewalks, landscaping, and permanent event infrastructure. The property is offered for the first time in over 40 years and supports an owner-occupant or live-work configuration.
The building is located in Historic Downtown Littleton, a walkable retail district within a half-mile of the RTD D Line’s Littleton/Downtown station. Downtown improvements are planned through Project Downtown, including reconstructed streetscape elements, wider sidewalks, landscaping, and permanent event infrastructure. The property is offered for the first time in over 40 years and supports an owner-occupant or live-work configuration.
Key Highlights
- 1909 two‑story mixed‑use building with historic Main Street storefront character
- Ground‑floor bridal boutique leased month‑to‑month
- Approximately 1,400 SF of unfinished second‑floor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,475
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,500
$629.5K
Cap Rate 7%
$449,643
$449.6K
Cap Rate 9%
$349,722
$349.7K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$47.0K $27.00/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$45.0K $25.81/SF
− OpEx
−$13.5K −$7.74/SF
NOI
$31.5K $18.07/SF
Area
Arapahoe County, CO
Vacancy
4.40%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,500
Cap Rate 7%
$449,643
Cap Rate 9%
$349,722
Alternative Uses
Best Use
Retail
$449.6K
$393.4K – $524.6K
NOI $31,475 @ 7.0% cap · market cap 4.20%
Second Best
Mixed Use
$296.6K
$259.5K – $346.0K
NOI $20,762 @ 7.0% cap · market cap 2.77%
Theoretical Best
Multifamily LT 5
$25.86M
$22.63M – $30.17M
NOI $1,810,419 @ 7.0% cap · market cap 241.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
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Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Arapahoe County, CO
Properties on Market for Mixed-use properties in Arapahoe County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story downtown property combines leased ground-floor retail with adaptable upper-level space for residential or office conversion.
Where is this mixed-use property located?
The property is located at 2340 W Main Street Littleton, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1909 two‑story mixed‑use building with historic Main Street storefront character; Ground‑floor bridal boutique leased month‑to‑month; Approximately 1,400 SF of unfinished second‑floor space
