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1428-1432 S Broadway 5,696 SF 57% Leased Retail Building Denver, CO 80210 $1,495,000 ($262.46/SF) 7.60% Cap Rate
Investment Highlights
- Superb Central Location On South Broadway providing direct exposure along one of Denver’s most heavily trafficked retail corridors
- Seller Financing Available Rare opportunity for flexible acquisition financing terms that may reduce initial equity requirements
- Proximity to Iconic Attractions and Urban Amenities: Just minutes from landmarks like Empower Field at Mile High, Ball Arena, Coors Field
- Dense Residential Trade Area Surrounded by large apartment communities and the established Platt Park neighborhood, offering a built in customer base
- Flexible Two Tenant Retail Configuration 5,696 square feet across two storefront units with an existing loft space in the back of the building
- Value-Add Potential Through Lease-Up Or Owner Occupant The properties occupancy at closing provides a unique opportunity for a new owner to add value
Executive Summary
Broker of Record
Brayden Conner
License # EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Brayden Conner
License # EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,696 SF
Building Class
C
Year Built
1966
Price
$1,495,000
Price Per SF
$262.46
Cap Rate
7.60%
NOI
$113,620
Percent Leased
57%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.31
Lot Size
0.10 AC
Zoning
U-MS-3
Parking
4 Spaces (0.7 Spaces per 1,000 SF Leased)
Frontage
52’ on Broadway St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Doggie Delights On Broadway
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Doggie Delights On Broadway | Retailer | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5221-25-004 | Improvements Assessment | $133,520 |
| Land Assessment | $133,520 | Total Assessment | $357,920 |
Property Taxes
Parcel Number
5221-25-004
Land Assessment
$133,520
Improvements Assessment
$133,520
Total Assessment
$357,920
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1428-1432 S Broadway
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