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1025 Broadway
Denver, CO 80203
Burte Hotel · Hospitality Property For Sale
·
40 Rooms
Investment Highlights
- Hotel Redevelopment Opportunity with Cash Flow
- National Credit Tenant with current Annual Rent of $132,541.30 NNN with 3.55% annual increases
- Tenant has one 5 year renewal option at the then market lease rate
- Property has Hotel Use in Place - 2nd and 3rd floors currently vacant
- Tenant pays all NNN expenses for entire building
- Current lease expires June 30, 2026
Property Facts
| Property Type | Hospitality | Building Size | 17,688 SF |
| Property Subtype | Hostel | No. Rooms | 40 |
| Building Class | C | No. Stories | 3 |
| Lot Size | 0.13 AC | Year Built | 1906 |
| Construction Status | Converted | Parking Ratio | 0.17/1,000 SF |
| Zoning | D-GT | ||
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | C |
| Lot Size | 0.13 AC |
| Construction Status | Converted |
| Building Size | 17,688 SF |
| No. Rooms | 40 |
| No. Stories | 3 |
| Year Built | 1906 |
| Parking Ratio | 0.17/1,000 SF |
| Zoning | D-GT |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 40 | $55.00 | - |
Property Taxes
| Parcel Number | 5037-01-017 | Improvements Assessment | $102,800 |
| Land Assessment | $1,406,300 | Total Assessment | $1,509,100 |
Property Taxes
Parcel Number
5037-01-017
Land Assessment
$1,406,300
Improvements Assessment
$102,800
Total Assessment
$1,509,100
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