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    FOR SALE
    Retail space

    66 S Broadway, Denver, CO 80209

    9,752 SF 0.14 ac lot Built 1924
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US13-1032970
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1924
    Construction WOOD
    Total area 9,752 SF
    Lot 0.14 ac (6,242 SF)
    Zoning code G-MS-5
    APN 05104-09-012-000
    UPID US13-1032970
    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
    • Street Smoke Shop (Bike/Boat/Book/etc) Store
    • Denver Ceramic Studio Art Studio
    • Blue Haus Collective (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.11M
    CAP Approach CAP
    $2.06M
    Comparable Approach Comparable
    $1.87M
    Blend (final) Blend
    $1.85M
    Owner & transaction history
    Saul Good LLC · 6 yrs held
    Saul Good LLC
    since 2020
    Last sale
    $1.8M
    4 recorded transactions
    2020
    $1.8M
    2007
    1969
    1969
    Zoning & alternative use
    G-MS-5 · Denver, CO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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