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29576102
29576103

1428 S Broadway, Denver, CO 80210

AG
CO 100048121
Matthews
Listed by Matthews
$1,495,000
120 days on market
Updated 1 day ago

1428-1432 S Broadway

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 5,696
NOI $113,920
Occupancy 57.43%
Tenancy Multi
Pro-Forma Cap Rate 7.60%
Price per SqFt $262
Year Built 1966
Buildings 1
Stories 1
Acreage 0.100
Parking Spaces 2 spaces
Parking Per SqFt 0.35
Investment Type Value Add

Superb Central Location On South Broadway providing direct exposure

Investment highlights

  • Superb Central Location On South Broadway providing direct exposure along one of Denver’s most heavily trafficked retail corridors, the property benefits from exceptional visibility, strong daily traffic counts, and sustained tenant demand.

  • Dense Residential Trade Area Surrounded by large apartment communities and the established Platt Park neighborhood, offering a built in customer base that supports long term retail performance.

  • Seller Financing Available Rare opportunity for flexible acquisition financing terms that may reduce initial equity requirements and enhance overall return potential for qualified buyers.

  • Flexible Two Tenant Retail Configuration 5,696 square feet across two storefront units with an existing loft space in the back of the building, allowing for efficient reconfiguration and a wide range of retail or service oriented tenancy options.

  • Proximity to Iconic Attractions and Urban Amenities: Just minutes from landmarks like Empower Field at Mile High, Ball Arena, Coors Field, Red Rocks Amphitheatre, and Union Station, as well as University of Denver and Denver Summit FC future stadium in Santa Fe Yards.

  • 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 through lease-up or occupy with in-place income.

Listing Contacts

AG
CO 100048121
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,920.00
$9,493.33/mo

Valuation Metrics

0
DSCR
7.62%
Cap Rate
7.62%
ROI

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Additional Information

Name
Brayden Conner
License
License # EC.100099522 (CO)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave., Ste. 1500 Nashville, TN 37203
Name
Adam Gower
License
100048121
Brokerage
Matthews Real Estate Investment Services
Brokerage Phone
720-677-8902
Title
Associate Vice President
Brokerage Address
6400 South Fiddlers Green Circle
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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