Denver investor snags 4,100-sf retail building for $720,000

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Denver County

Property Location: 1545 S. Broadway

Property Description: 4,100-sf retail building, YOC 1924, masonry

Land Size: 6,248 sf

Sales Price: $720,000, or $175.61 psf

MPQ 1Q 2019 Banner 300 x 250

Reception No.: 2018056574

Closing Date: 5/10

Grantor: Speedy Dog LLC, Marc Lavoie & Dea Lavoie

Grantee: Cole Properties LLC, Bryan Bozeman, mgr., 720-722-4040

Financing: $677,620 payable to Collegiate Peaks Bank Division of Glacier Bank

Comments: Buyer is owner-agent and is offering the space for lease. The building contains high ceilings, wood floors and open floor plan. This was a former VFW neighborhood bar. The seller purchased the property in January with intentions to open a second children’s bookstore called Second Star to the Right. Contact Bozeman for information regarding leasing the space.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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