Mixed-Use Building in South
For Sale
$1,650,000
56 S Broadway, Denver, CO 80209
Retail and multi-family building in a thriving Denver corridor.
Property Size5,220 SF
Price / SF$316.09
Days on Market427
Property Features for 56 S Broadway
General Information
Standard status
Active
Size
5,220 SF
Taxes and HOA fees
Annual Taxes
$21,043
Building Details
Year Built
1900
Listing Agency:
UNIQUE PROPERTIES LLC
(303) 321-5888
Listed By:
PHILIP DANKNER
Source:
Corcoran
Added: May 30, 2025
Changed: Mar 16
Last Checked: Jun 26 at 9:25PM
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 UNIQUE PROPERTIES LLC
Investment Insights
Based on property information with market context.
Located in the heart of the South Broadway corridor, this mixed-use building at 56 S Broadway offers 5,220 square feet of retail and multi-family space. The property features a 2,600 square foot vacant retail space on the first floor, suitable for a user buyer, and four occupied one-bedroom, one-bathroom apartments on the second floor, providing supplemental income. The apartments have a historic charm with brick walls, hardwood floors, skylights, and clawfoot tubs. The first-floor space includes 12-foot ceilings, brick walls, hardwood floors, exposed ductwork, a two-car garage, and approximately 1,000 square feet of basement space. This property is located in a highly desired micro-market with a mix of restaurants, shops, and residential living between 6th Avenue and Alameda Avenue. The location benefits from an in-demand retail and entertainment trade area, a desirable residential leasing market, and high foot traffic. The property has a Walk Score of 97 and visibility to 24,000 vehicles per day. It is easily accessible from I-25, West Wash Park, and the Historic Baker District, with bike lanes outside the building. The property is also within minutes of Downtown Denver, Cherry Creek, and the RTD LightRail Station.
Key Highlights
- Vacant 2,600SF retail space ideal for a User Buyer.
- Four urban 1‑bedroom apartments on the 2nd floor provide consistent supplemental income.
- Prime location in the South Broadway corridor with high visibility (24,000 vehicles per day) and a Walk Score of 97.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.5k | $29.40 |
| − Vacancy | −$9.4k | −$1.79 |
| EGI | $144.1k | $27.61 |
| − OpEx | −$64.8k | −$12.42 |
| NOI | $79.3k | $15.18 |
5,220 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$990.7K – $1.32M
NOI $79,259 @ 7.0% cap · market cap 4.80%
Second Best
Mixed Use
$1.05M
$919.1K – $1.23M
NOI $73,524 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,320 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and multi-family building in a thriving Denver corridor.
Where is this mixed-use property located?
The property is located at 56 S Broadway Denver, CO.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Vacant 2,600SF retail space ideal for a User Buyer.; Four urban 1‑bedroom apartments on the 2nd floor provide consistent supplemental income.; Prime location in the South Broadway corridor with high visibility (24,000 vehicles per day) and a Walk Score of 97.
