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    246 Broadway Denver, CO 80209

    For Sale
    $1,200,000

    Denver retail & apartment building, high potential.

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use property at 246 S Broadway in Denver, CO 80209, presents a lucrative investment opportunity. The 3,000 square foot building, constructed in 1898 and extensively renovated in 2024 (and also in 2018), boasts a prime location just off the bustling Alameda and Broadway intersection. The property features a ground floor retail space with impressive 12-foot ceilings, currently vacant, and a second-floor, two-bedroom, one-bathroom apartment (with potential for a third bedroom). The apartment is currently occupied by a month-to-month tenant. The building sits on a 2,973 square foot lot and includes four parking spaces. The property is zoned U-MS-3 and offers strong curb appeal. Its convenient location places it within easy reach of numerous popular businesses, including Illegal Pete's, Bardo Coffee, a post office, Natural Grocers, Burndown Bar, and Voodoo Doughnuts. Currently at 50% occupancy, this two-unit building offers significant upside potential for rental income. The asking price is $1,200,000. This is a unique live-work opportunity in a vibrant Denver neighborhood. The building is a two-story structure with one building.

    Property Features for 246 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,000 SF

    Building Details

    Year Built/Renovated
    1898/2024
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Prime mixed‑use property at 246 S Broadway, Denver, CO 80209, asking $1,200,000.
    • 3,000 sq ft building on a 2,973 sq ft lot with four parking spaces.
    • Ground floor retail space (vacant, 12‑foot ceilings) and a second‑floor, two‑bedroom, one‑bathroom apartment (month‑to‑month tenant).
    • Recently renovated (2018 & 2024), U‑MS‑3 zoning.
    • Excellent location near Alameda & Broadway, with nearby amenities including popular restaurants and shops.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Healing Kneadz Massage ... Massage Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.98740543914
    Latitude
    39.712212518111

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    FAQs

    What type of property is this?
    Individual retail property - Denver retail & apartment building, high potential.
    Where is this individual retail property located?
    The property is located at 246 Broadway Denver, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime mixed-use property at 246 S Broadway, Denver, CO 80209, asking $1,200,000.; 3,000 sq ft building on a 2,973 sq ft lot with four parking spaces.; Ground floor retail space (vacant, 12-foot ceilings) and a second-floor, two-bedroom, one-bathroom apartment (month-to-month tenant).
    Request Owner's contact information
    246 Broadway Denver, CO 80209
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    Denver, CO 80209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    246 Broadway Denver, CO 80209
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