1700 W 40th Ave - Storefront FOR SALE


Denver, CO 80211- Sunnyside
$1,650,000 USD
317-523-2397
1700 W 40th Ave, Denver, CO for Sale
$1,650,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

1700 W 40th Ave
Denver, CO 80211
Sunnyside


HIGHLIGHTS

  • Unique Repurpose or Redevelopment Opportunity
  • Amazing Area Demographics
  • Hot Neighborhood

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$462 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,802 SF

ZONING

U-MX-2X

APN/PARCEL ID

2213-32-031

ASK ABOUT THIS PROPERTY

Calvin GravesBellStreetMore Info
317-523-2397

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Calvin GravesBellStreetMore Info
317-523-2397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.