7427 W Grandview Ave - Storefront FOR SALE


Arvada, CO 80002- Olde Town Arvada
$1,300,000 USD
303-810-8363
7427 W Grandview Ave, Arvada, CO for Sale
$1,300,000 USD
Storefront - FOR SALE
1/43
null | 3% Cap Rate

7427 W Grandview Ave
Arvada, CO 80002
Olde Town Arvada


HIGHLIGHTS

  • Right across the street from the RTD light rail station (G line)
  • Massive income potential with updates to the residential units
  • LOCATION LOCATION LOCATION - right in the bustling action of Olde Town Arvada, right off the RTD G-line

OVERVIEW

**NOTE: The Grandview Grill is open, active, and thriving. This is for the real estate only, the business is NOT for sale. This is a multi-use building with the Grandview Grill Restaurant occupying the main floor and 3 apartments on the upper level. All apartments are on a month-to-month lease. The Restaurant lease was executed in 2016 and is currently leased at $5,040.00 until 11/30/25 with an escalation to $5,166.00 from 12/1/25 through 11/30/26 and a five-year option to extend the lease term in 2026. The Restaurant Lease is a modified NNN. No showings will be allowed without a mutually executed contract or an acceptable LOI subject to seller approval. Apartment unit #3 will be vacated on or around 5/1/25.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B-3

APN/PARCEL ID

39-114-17-030,39-114-17-031

ASK ABOUT THIS PROPERTY

Kelley SchneiderRE/MAX AllianceMore Info
303-810-8363

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Kelley SchneiderRE/MAX AllianceMore Info
303-810-8363

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