Address
3759 Chestnut Place Denver, CO
Price
$ 4,399,999
Property Attributes
  • MLS#8954123
  • TypeCommercial
  • CountyDENVER
  • CityDenver
  • Zip80216
  • Style
  • Taxes35000
  • Price$ 4,399,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
Boundary Realty LLC
Data Source:
REColorado
Property Description

Licensed Bar/Tavern Frederick Enterprises Inc. DBA New Welcome Inn in the RINO (River North Arts District) Arts District Prime Redevelopment! Walking Distance from the New World Trade Center and New Light Rail Station or the East Line. Walk a few blocks further in the other direction to the West Line. Hottest New Area in Denver that has tremendous Potential! 1/2 Block Away from the New Denver Greenspace that Denver is Investing a minimum of $5,000,000.00 on Improvements for this 10 Block Stretch of River Prominade. The Property is on Chestnut Place which has been designated a Festival Street by the City and County of Denver. This is a Tremendous Opportunity with Upside as Millions of Dollars are designated for the adjoining Properties and there Development? This is a Business and Property Sale! The Business has one of the Oldest Liquor Licenses in Denver with No Violations. Preliminary Development meetings with the City of Denver presented an Opportunity to Redevelop the Property into a 12 Story Building. Designation of 1st Floor Commercial, and 3 Floors of Parking with 8 Floors of Residential up above.

Price History
12/31/2020 Listed $4,399,999

General Features

Attached Garage No
Carport Spaces 0.0
Carport Y/N No
Current Use Commercial
Electric Item220Volts
Garage Spaces 0.0
Garage Y/N No
Property SubType Retail
Property Type CommercialSale
Sewer PublicSewer
Zoning I-MX-5

Exterior Features

Covered Spaces 0.0
Lot Features CornerLot
Lot Size Acres 0.28
Lot Size Area 0.28
Lot Size Square Feet 12500.0
Lot Size Units Acres
Road Frontage Type PublicRoad
Road Surface Type Paved
Total Parking 0.0
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80216

Price
AVG $3.18M
$4.4M
Taxes
AVG $14,361
$35,000
Visits
AVG 18
22

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