3978 Broadway Englewood, CO 80113-4629
This 2,950 square foot retail property, located at 3978 S Broadway in Englewood, Colorado (zip code 80113), is a single-story building zoned MU-B-2. Currently configured as a bar and restaurant, this established location boasts a high traffic count of 31,883 vehicles per day (MPSI) on a major thoroughfare. The asking price is $749,900, translating to $254.20 per square foot. The property is being offered as an owner/user investment opportunity. While not currently licensed, it previously held a tavern license, and obtaining a new license is considered straightforward. The existing layout features a large bar and open seating area, designed for efficient management and low labor costs. A potential owner could easily expand operations by adding a small kitchen to increase revenue streams. This presents a rare opportunity, as second-generation bar properties are seldom available for sale. The property's history as a well-known, long-standing bar makes it an attractive prospect for an owner-operator seeking to build wealth through real estate investment. The property is situated in Arapahoe County, Colorado.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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