Active

56 S Broadway

Denver CO, 80209

$1,575,000


$301.72 per sqft

Active

5,220 sqft

Commercial

Built in 1900

56 S Broadway is a 5,220 SF mixed use retail and multi-family building located in the heart of the South Broadway corridor at Broadway and Archer Place. South Broadway between 6th Avenue and Alameda Avenue is a thriving, highly desired micro-market with unique mix of restaurants, shops and residential living. The property has one retail tenant on the first floor that has been in the property for 26 years and 4 residential apartments on the 2nd floor that consistently stay occupied. The apartments consist of one 1 bedroom/1 bathroom and three urban 1 bedroom/ 1 bathroom (studio apartments with a half wall creating separate living room and bedroom areas while keeping an open layout), all with a historic charm featuring brick walls, hardwood floors, skylights, and clawfoot tubs. The property has been very well cared for and maintained by the current owner that has owned the property for over 25 years.56 S Broadway is a great mixed-use investment property that provides a diverse income stream from in demand retail and residential units. This offering is a value add investment with the opportunity to increase rents, bill back utilities to the residential tenants and to convert the retail tenant's lease to a NNN lease.
56 S. Broadway is well located in the South Broadway corridor, one of Denver's most unique streets featuring an eclectic mix of restaurants, shops, and residential living. There is easy access to the property from I-25, the West Wash Park and Historic Baker District neighborhoods, and the newly developed South Broadway two-way bike lanes right outside the front door of the building.
The property is within minutes of Downtown Denver, Cherry Creek and the RTD LightRail Station at Broadway and I-25. 56 S. Broadway's location benefits from an in-demand Retail and Entertainment trade area, a desirable residential leasing market and the high volume of 7 day a week, day and night time foot traffic on South Broadway.
*PLEASE DO NOT DISTURB RETAIL TENANT*

6251234

MLS ID

May 2, 2024

Listed

June 6, 2024

Updated

Map

56 S Broadway
Denver CO, 80209

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.07 Acres


Roof

Membrane


Sewer

Public Sewer

Other Property Details

Taxes

$21,682


Tax Frequency

Annually


Garage

No


Parking Total

0


View

No


County

Denver


Water Source

Public


Pool

No


Zoning

G-MS-5

Listed by Unique Properties LLC, Philip Dankner, Listing Contact: [email protected],303-321-5888 
 

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Data last updated 7:25 PM UTC, 6/6/2024

 

 

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