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Property profile & analytics
FOR SALE
Commercial real estate

246 S Broadway Denver, CO 80209

3,501 SF 0.07 ac lot Built 1898
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US13-0707779
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1898
Construction WOOD
Total area 3,501 SF
Lot 0.07 ac (2,973 SF)
Zoning code U-MS-3
APN 05104-28-042-000
UPID US13-0707779
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Healing Kneadz Massage Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ronald G Tarver · 2 yrs held
Ronald G Tarver
since 2024
Last sale
$400,000
5 recorded transactions
2024
$400,000
2015
$662,500
2013
$420,000
2005
$545,000
1969
Price N/A
Zoning & alternative use
U-MS-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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