Mixed-Use Retail & Residential Investment
56 S. Broadway
Denver, CO 80209
Highlights
- Well Located in the Thriving South Broadway Corridor
- Visability and Exposure to Vehicle and Foot Traffic
- Minutes from RTD Light Rail Station at Broadway & I-25
- Great Access to I-25, Downtown and Cherry Creek
- Highly Desirable Retail and Residential Location
Description
56 S Broadway is a 5,220 SF mixed use retail and multi-family building located in the heart of the South Broadway corridor at Broadway and Archer Place. South Broadway between 6th Avenue and Alameda Avenue is a thriving, highly desired micro-market with unique mix of restaurants, shops and residential living.
The property has one retail tenant on the first floor that has been in the property for 26 years and 4 residential apartments on the 2nd floor that consistently stay occupied. The apartments consist of four urban 1 bedroom, 1 bathroom units, all with a historic charm featuring brick walls, hardwood floors, skylights, and clawfoot tubs. The property has been very well cared for and maintained by the current owner that has owned the property for over 25 years.
56 S Broadway is a great mixed-use investment property that provides a diverse income stream from in demand retail space and residential units. This offering is a value add investment with the opportunity to increase rents, bill back utilities to the residential tenants and to convert the retail tenant’s lease to a NNN lease
56 S. Broadway is well located in the South Broadway corridor, one of Denver’s most unique streets featuring an eclectic mix of restaurants, shops, and residential living. There is easy access to the property from I-25, the West Wash Park and Historic Baker District neighborhoods, and the newly developed South Broadway two-way bike lanes right outside the front door of the building. The property has a Walk Score of 97 as well as visibility and exposure to 24,000 vehicles per day on Broadway.
The property is within minutes of Downtown Denver, Cherry Creek and the RTD LightRail Station at Broadway and I-25. 56 S. Broadway’s location benefits from an in-demand Retail and Entertainment trade area, a desirable residential leasing market and the high volume of 7 day a week, day and night time foot traffic on South Broadway.
