3759 Chestnut Place Denver, CO ^$ 5,999,999

3759 Chestnut Place

^$ 5,999,999

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3759 Chestnut Place

Denver, CO, 80216

^$ 5,999,999

Studio Baths0.0

Monthly Estimate*

^$ 41,912

Listed by Boundary Realty LLC

3759 Chestnut Place, Denver, CO 80216 - Image 1

3759 Chestnut Place, Denver, CO 80216 - Image 2

Studio

Commercial Property for sale in Denver, CO

for $5,999,999. The lot size is 0.28.

This Property is the Only Property Available For Sale in the Designated Rino Arts Park! www.RINOARTPARK.Com Licensed Bar/Tavern . DBA “The River” 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 $20,000,000.00 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 had 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. https://youtu.be/W5dGL9NbHKc?si=J2GE4b0bYvBByTvw

Commercial Active

Price

^$ 5,999,999

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 35,000

Style

Lot Size

0.28

Town/City

Denver

County/Region

Denver

MLS | Web ID

4269436

Features

General

Sewer Public Sewer

Utilities Cable Available Electricity Connected Internet Access (Wired) Natural Gas Available

Possession Close Plus 30 Days

Zoning I-MX-5

Garage Spaces 0

Exclusions Trade Fixtures and Personal Property Unless otherwise specified in writing

Electric 220 Volts

Property SubType Commercial Land

Tax Year 2020

Current Use Commercial Event Space Food Service Multi-Family Office Residential Retail

County Denver

Property Type Commercial Sale

Attached Garage N

Status Active

Directions Rhino Arts District? Go to I 70 and Washington Street and head south on Washington Street for three blocks to the Platte River and continue over the Platte River bridge and take a right on your firs

City Denver

Buyer Agent Compensation 2.0

Lot Size Square Feet 12196.8

Carport Spaces 0

Street Name Chestnut

Tax Annual Amount 35000

Lease Considered Y/N Y

Lease Type NNN

Standard Status Active

Occupancy Description Tenant (Single)

Cap Rate 0

Buyer Agent Compensation Type %

Exterior

Lot Features Corner Lot

Water Source Public

Total Parking 0

Lot Size Area 0.28

Lot Size Acres 0.28

Road Surface Type Paved

Lot Size Units Acres

Road Frontage Type Public

Road Responsibility Public Maintained Road

Interior

Street Suffix Place

Internal Only

Street Number 1 3759

* Excluded Features

List By

Boundary Realty Llc

Broker

(303) 292-5300

Phone

Affordability Calculator

$44,828

Per Month

Monthly Principal & Interest: $41,912
Monthly Property Taxes: $2,917
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Denver, CO

Average List Price ^$2,263,023

Percent of Sale Price 62%

About Denver, CO

24,748 Population

9% Since 2002

^$36,940 Median Income

38.83 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
3/7/2024	$5,999,999		Listed Price

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3759 Chestnut Place, Denver, CO, 80216 is a Commercial Property for sale at $5,999,999 with a lot size of 0.28. 3759 Chestnut Place is a studio with 0.0 baths. The property's zip code is 80216 which is in Denver, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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3759 Chestnut Place

Commercial Property for sale in Denver, CO

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