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Jam Space 1938 S Broadway 2,740 SF 100% Leased Retail Building Denver, CO 80210 $1,100,000 ($401.46/SF)



Investment Highlights
- Huge upside by changing revenue model. Minimal management.
Executive Summary
Turnkey Music Business + Real Estate Investment (With Partial Seller Carry Option)
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.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,740 SF
Building Class
C
Year Built
1935
Price
$1,100,000
Price Per SF
$401.46
Percent Leased
100%
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 | Total Assessment | $206,830 (2025) |
| Land Assessment | $183,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $183,200 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5271-10-025
Land Assessment
$183,200 (2025)
Improvements Assessment
$183,200 (2025)
Total Assessment
$206,830 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Jam Space | 1938 S Broadway
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