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Jam Space 1938 S Broadway 2,740 SF 90% Leased Retail Building Denver, CO 80210 $1,200,000 ($437.96/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Turnkey Music Business + Real Estate Investment
A rare opportunity to acquire both income-producing real estate and an operating creative business in one of Denver’s most dynamic corridors.
Jam Space is a fully built-out, music rehearsal facility featuring private studios, secure access, and recurring monthly income — all housed in a character-rich 1935 freestanding building on South Broadway. (2 buildings)
• Turnkey music practice business included in sale
• 10 private rehearsal studios — each with secure individual access
• 24-hour tenant access — bands rehearse on their schedules
• Private, lockable gear storage closets
• Month-to-month leases — flexible pricing and rapid rent optimization
• 90% occupancy with strong demand
• Minimal management — stable recurring income
Forget laundromats! Music rehearsal space is one of the most overlooked niche asset classes:
• High demand, limited supply
• Sticky tenants (bands don’t like moving gear)
• Short-term leases with long-term occupancy behavior
• Low tenant improvement exposure
• Strong cash flow per square foot
• Culture-driven business with brand equity
South Broadway’s creative energy makes this location irreplaceable.
A rare opportunity to acquire both income-producing real estate and an operating creative business in one of Denver’s most dynamic corridors.
Jam Space is a fully built-out, music rehearsal facility featuring private studios, secure access, and recurring monthly income — all housed in a character-rich 1935 freestanding building on South Broadway. (2 buildings)
• Turnkey music practice business included in sale
• 10 private rehearsal studios — each with secure individual access
• 24-hour tenant access — bands rehearse on their schedules
• Private, lockable gear storage closets
• Month-to-month leases — flexible pricing and rapid rent optimization
• 90% occupancy with strong demand
• Minimal management — stable recurring income
Forget laundromats! Music rehearsal space is one of the most overlooked niche asset classes:
• High demand, limited supply
• Sticky tenants (bands don’t like moving gear)
• Short-term leases with long-term occupancy behavior
• Low tenant improvement exposure
• Strong cash flow per square foot
• Culture-driven business with brand equity
South Broadway’s creative energy makes this location irreplaceable.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,740 SF
Building Class
C
Year Built
1935
Price
$1,200,000
Price Per SF
$437.96
Cap Rate
6%
NOI
$72,000
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.14 AC
Zoning
U-MS-3
Parking
6 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
49’ on South Broadway
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5271-10-025 | Improvements Assessment | $183,200 |
| Land Assessment | $183,200 | Total Assessment | $206,830 |
PROPERTY TAXES
Parcel Number
5271-10-025
Land Assessment
$183,200
Improvements Assessment
$183,200
Total Assessment
$206,830
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Jam Space | 1938 S Broadway
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