Lindsay Weaver - Coldwell Banker Distinctive Properties
2689 S Broadway
Denver, CO 80210

$2,500,000

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

Details

MLS#8924842
StyleRetail
Sub-TypeResale
StatusUnder Contract
Year1895
Days On Site91

Features

SQ Feet10,241
Story(s)1
Units4
ZoningU-MX-3

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80210
AreaDenver
Listing VS Median (in 80210)
Price:
$2,500,000
low | high
Med:
$610,000
100% of Average
SqFt:
10,241
low | high
Med:
1,727
100% of Average
$ / SqFt:
$244
low | high
Med:
$353
5.309554140127% of Average
On Site:
91
low | high
Med:
45
100% of Average
Listing Updated: 11/14/2018
MLS Number: 8924842
Listing Provided By:
Teddy Smith  of  Smith Homes LLC
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