7172 38th Avenue, Wheat Ridge, CO 80033

  • 9 BedBeds
  • 5 Baths
  • 0 Full BathFull Baths
  • 0 Half BathHalf Baths
  • 3/4 Baths
  • 7,582 Sqft
  • Commercial
  • Active
  • MLS# 4387275
  • mls board disclosure Madison & Company Properties
0 More Scheduled

$2,300,000

  • Price Reduced

Property Description7172 38th Avenue, Wheat Ridge, CO 80033


The Gallery @ 38this an innovative mixed-use property located in the heart of downtown Wheat Ridge in the direct path of redevelopment for the city. The first floor is comprised of two retail tenants. Books & Brews has recently signed a long term lease for the majority of the main floor. In addition, there is a Tattoo Parlor occupying the remainder of the space at below market rents. Their lease expires at the end of the year which provides a new owner the opportunity for upside in the short term. The second floor is a redesign of a 3-unit muiti-family apartment that has been turned into a creative Airbnb rental platform. There are currently three master leases for the airbnb units. The property can be purchased as a passive investment with the leases in place or a new owner has the option of taking over the Airbnb business at no additional cost and significantly increasing their return on investment.

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Property Details7172 38th Avenue, Wheat Ridge, CO 80033

Listing courtesy of: Madison & Company Properties

General Features

Style  Multi-Story
Baths  5
Year Built  1946
Beds  9
Finished Sq. Ft.  7432
Lot Size  0.1500
Subdivision  Downtown Wheat Ridge

Interior Features

Square Footage Above  7432
Heating  Radiant
Flooring  Concrete, Laminate, Tile Floor
Cooling Description  Other
Additional Interior Features  Built-Ins, Cable Available, Double Pane Windows, Remodeled, Security Entrance, Updated, Window Coverings

Exterior / Lot Features

Exterior  Balcony
ZONING  C-1

Schools

School District  Jefferson County R-1
Elementary  Prospect Valley
Middle  Jefferson
High  Wheat Ridge

Financial Considerations

Tax Amount  $10,433
Tax Year  2017

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Monthly insurance : $0.00
Monthly taxes : $0.00
Monthly payment : $0.00
Total monthly payment : $0.00

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mls board disclosure

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Alliance are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. [more]

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