246 S Broadway Denver, CO 80209
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
U-MS-3 · Denver, CODenver. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.