2689 S Broadway

    Denver, CO 80210
    • $2,500,000
    • STATUS: Under Contract
    • ON SITE: 215 days
    • MLS #: 8924842
    Under Contract
    UPDATED: 68 min ago
    $2,500,000
    • 2
      BEDS
    • 0.43
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 10,241
      SQFT
    • $244
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1895
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Smith Homes Llc.

    Description

    Incredible development opportunity on Broadway zoned U-MX-3. This is an investors dream to keep cash flowing the current leases while you create plans for future development. On this parcel there is a used car dealership, 2 Retail locations with basements as well as Broadway frontage, and a 1 bed 1 bath carriage house in the alley. These leases are generating solid rent rolls close to a 6% Cap Rate. This is truly the first corner lot when you are driving from Englewood into Denver. This property is being sold with 2655 S Broadway, Denver, CO 80210, MLS #4001599. All together this is 254 feet frontage on broadway and it sits on a 31,199 square foot lot or .72 acres and over 11,000 square feet of usable commercial space. Please check with Denver zoning for allowed uses. https://www.denvergov.org/content/dam/denvergov/Portals/646/documents/Zoning/DZC/Denver_Zoning_Code_Article5_Urban.pdf

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Kittle Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.fortcollinshomesearch.com/homes/86637034

    2689 S Broadway Denver, CO 80210

    • Price: $2,500,000
    • Status: Under Contract
    • Updated: 68 min ago
    • MLS #: 8924842
    2
    Beds
    6
    Baths
    0
    ½ Baths
    0.43
    Acres
    10,241
    SQFT
    $244
    $/SQFT
    1895
    Built
    Neighborhood:
    Overland
    County:
    Denver
    Area:
    Denver
    Elementary School:
    Asbury
    Middle School:
    Grant
    High School:
    South
    School District:
    Denver 1
    Property Description
    Incredible development opportunity on Broadway zoned U-MX-3. This is an investors dream to keep cash flowing the current leases while you create plans for future development. On this parcel there is a used car dealership, 2 Retail locations with basements as well as Broadway frontage, and a 1 bed 1 bath carriage house in the alley. These leases are generating solid rent rolls close to a 6% Cap Rate. This is truly the first corner lot when you are driving from Englewood into Denver. This property is being sold with 2655 S Broadway, Denver, CO 80210, MLS #4001599. All together this is 254 feet frontage on broadway and it sits on a 31,199 square foot lot or .72 acres and over 11,000 square feet of usable commercial space. Please check with Denver zoning for allowed uses. https://www.denvergov.org/content/dam/denvergov/Portals/646/documents/Zoning/DZC/Denver_Zoning_Code_Article5_Urban.pdf
    Exterior Features

    Architectural Style Denver Square Construction Materials BrickMetal SidingStucco Construction Methods BrickConcrete Distance To Bus 1.00 Distance To Light Rail 6.00 Exterior Features BalconyCovered DeckCovered PatioPatio Lot Depth 124.00 Lot Width 152.00 Parking Garage (Attached) (4 Spaces) Carport (Attached) (6 Spaces) Carport (Attached) (6 Spaces) Parking Features Driveway-ConcreteLiftNatural LightOversized DeepOversized DoorOversized WidePit Parking Total Searchable 56 Road Surface AlleyPaved Road Roof Built-Up(Tar & Gravel)Composition ShinglesRolled RoofingUnknown Site Features Corner LotNear Public Transit Structural Style Ranch/1 Story Style Characteristics Side-By-Side Unit Access CorridorCourtyardExterior AccessGarden Level View City ViewMountain View

    Interior Features

    Basement Finished YN Yes Basement Floor Type Concrete WallSlab Basement Percent Finished 100 Basement Size Full Basement Type Cellar Cooling Air Conditioning-RoomEvaporative Cooler (Swamp) Fireplace Features Wood Flooring CarpetConcreteTile FloorWood Heating Forced Air Heating Fuel GasOil Interior Features Double Pane WindowsEating Space / KitchenInterior Basement EntranceMaster SuiteVaultedWork Shop (Interior) Kitchen Appliances Microwave OvenRange HoodRefrigerator (Kitchen)Stove/Range/Oven Laundry Availability W/D Hookups in Unit Other HVAC Electric Water Heater Per Unit Features Assigned ParkingAssigned Visitor ParkingGarageIndividual Basement Sq Ft Above 8921 Sq Ft Basement 1320 Sq Ft Finished 10241

    Property Features

    Accepting Backup Offers YN Yes Additional Information Income History AvailableSubdividableTenant Occupied Annual Expense Actual 13000 Annual Expense Proj 13000 Annual Income Actual 124000 Annual Income Proj 163000 Annual Net Income Actual 111000 Annual Net Income Proj 150000 Building Area Source County Records Building Type Quadplex (All Units)Low Rise (All Units) Business Type Auto/Truck RelatedBuilding TradeBusiness/Professional ServicesGarageGarage/Service StationMixed UseRetail Capitalization Rate 6.50 Contingent Approval Conditions None Known Features Commercial Improvements Has Hoa YN No Listing Financing CashConventionalExchangeOtherPrivate Financing Number Of Units Vacant 1 Owner Paid Utilities None Potential Rental Income Annual 136000 Real Estate Taxes 13000 Reports Available Legal DescriptionP And L AvailableProfit/Loss StatementRental Average Seller Type Corporation/Trust Site Type Live/Work (Mixed Use) Status Conditions None Known Tax Amount 12605.00 Tax Year 2017 Transaction Type For Sale Unit Count 4 Zoning U-Mx-3

    Listing courtesy of Smith Homes Llc: MLS #8924842


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Kittle Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    Kittle Real Estate
    300 South Howes Street
    Fort Collins CO, 80521
    Offered by Smith Homes Llc.