1516 Wazee St, Denver, 80202

REDUCED 3% Income - Income For Sale in Lower Downtown

$1,065,000

Beds
2Baths
3,395Sqft
.07Acres
1905Built
BANYAN REAL ESTATE LLC
MLS® #: 9560082
Active

This historic downtown building has a retail condo on the ground floor that is currently leased to a Retail Winery, with new Tenant Improvements and Fire code upgrades, on a 5 year term with average rent of approximately $5100/month plus NNN. Lease includes $2,000 a year step ups. 2 commercial bathrooms with shared sinks and kitchen. The combined building also includes a gorgeous loft with 2 bed, 2 bath, sleeps 8. High ceilings. An attached oversized 1 car garage with fire egress, right off the alley. Roof top deck access with full height portal and city views to die for. Exposed brick and hardwoods throughout loft unit. Antique doors, renovated kitchen with high end stainless appliances. The two are being sold together as one entire building $2.425M. Great rental or primary residence with huge income potential on both the main level retail space and loft unit. Live 2 blocks from Union Station and 1/2 block to 16th street mall. Must be bought in conjunction with 1516 Wazee unit B

Essential Information

MLS® #: 9560082
Price: $1,065,000
Bathrooms: 2.00
Square Footage: 3,395
Acres: 0.07
Year Built: 1905
Type: Income
Sub-Type: Income
Style: Multi-Story
Status: Active
Features: Near Public Transit

Community Information

Address: 1516 Wazee St
Subdivision: Lower Downtown
City: Denver
County: Denver
State: CO
Zip Code: 80202

Amenities

Parking: None
View: City View

Interior

Interior Features: Internet Access (Wired), Remodeled
Heating: Hot Water
Cooling: Evaporative Cooler (Swamp), Air Conditioning-Central

Exterior

Lot Description: 2856.00
Roof: Other
Construction: Brick
Architecture: Victorian

School Information

District: Denver 1
Elementary: Greenlee
Middle: Grant
High: West

Additional Information

Zoning: D-LD

Financials

$/SqFt: $314

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Listing information last updated on March 20th, 2019 at 4:49pm CDT.