66 Broadway Denver, CO 80209
- Retail space
- 9,752 SF
- 0.14 lot acres
Current Use by Public Records
- Street Smoke Shop / Smoke Shop
- Denver Ceramic Studio / Art Studio
- Blue Haus Collective / Vintage Clothing Store
Property Details for 66 Broadway
- Year built
- 1924
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Property size
- 9,752 SF
- Zone code
- G-MS-5
- Property type
- Retail space
- APN
- 05104-09-012-000
- APU
- 510409012000
Description
This exceptional mixed-use property, located at 66-70 S Broadway in Denver, Colorado, presents a compelling investment opportunity. The 10,400 square foot building, constructed in 1924 and renovated in 2007, boasts a prime location in the vibrant Denver market. The two-story structure features seven units, including four apartments and two fully leased retail spaces, plus additional flex space. The current asking price is $2,800,000, translating to a price per square foot of $269.23. The property is zoned G-MS-5, allowing for future development potential. All four tenants are under a NNN lease structure, commencing September 1st, 2024. This multi-tenant setup provides a diversified income stream and inherent stability. The building's rich history and strategic location on South Broadway offer significant upside potential for investors seeking a strong return on investment in a rapidly growing area of Denver. The property's solid tenant occupancy and favorable lease terms make it an attractive addition to any portfolio. This is a rare chance to acquire a well-maintained, income-producing asset in a highly sought-after Denver location. The property's zoning allows for future expansion or redevelopment, further enhancing its long-term value. Don't miss this opportunity to own a piece of Denver's thriving commercial and residential real estate market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,630,000
- 6.5%
- $1,625,000
- 7%
- $1,670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,120,000
- Geo Method
- $2,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,205,000
- Retail
- $1,785,000
- Mixed-Use
- $2,155,000
- Hospitality
- $2,165,000
- Educational
- $1,715,000
- Residential Income
- $1,760,000
- Energy
- $1,720,000
- Income-Based Land
- $1,970,000
- Food Service
- $2,115,000
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.987
- Latitude
- 39.7152
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
