1700 W 40th Ave 3,570 SF Retail Building Denver, CO 80211 $1,650,000 ($462.18/SF)

PRICE REDUCED
1700 W 40th Ave in Denver's Sunnyside neighborhood is a fantastic opportunity to repurpose or redevelop a large corner lot. Sunnyside is one of Denver's most rapidly appreciating neighborhoods with demographics highly supportive of retail and restaurant businesses. As with other Denver hotspots, the residents value the walkability and local neighborhood feel. For patrons visiting by car, the location is readily accessible from I-70, I-25, Federal Bvld, and 38th Ave.
For retailers and restaurateurs, this is a rare opportunity with amazing demographics and sparse competition. The property and location would make an ideal spot for coffee, ice cream, or patio drinks. The property has a transferrable retail liquor license.
The main building can be renovated to about 2500 SF of contiguous space on the ground floor, 1500 SF of basement, and a 458 SF detached garage. The large yard provides ample space for outdoor seating.
For residential developers, the 8802 SF lot and U-MX-2X zoning allow for 8+ townhomes of 2 stories + basement.
The property's current configuration is a retail unit, a 2-bedroom residential unit, and a studio apartment. The retail and large residential units' lease can run through March 2027, providing a new owner with income to cover holding costs while planning a project.
Contact listing team for information and showings. Do not disturb tenant.