Homes for sale - 7427 Grandview AVE, Arvada, CO 80002

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Connect4homes Team

team@connect4homes.com +1(720) 310-5758

$ 1,300,000

Est. payment | -/mo

1,351 Sqft Lot

Save

$ 1,300,000

Est. payment | -/mo

Save

1,351 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 4373810

Style Traditional

HOA Y/N No

Originating Board recolorado

Year Built 1890

Annual Tax Amount $19,925

Tax Year 2024

Lot Size 1,351 Sqft

Acres 0.03

Property Sub-Type Retail

Property Description

THE RESTAURANT PORTION OF THIS BUILDING IS ACTIVE, THRIVING AND OCCUPIED AND WILL REMAIN ACTIVE AND OCCUPIED, THE BUSINESS IS NOT FOR SALE. PLEASE DO NOT DISTURB THE BUSINESS OR THE APARTMENT TENANTS. SHOWINGS WILL ONLY BE ALLOWED WITH A MUTUALLY EXECUTED CONTRACT OR A LETTER OF INTENT ACCEPTABLE TO THE SELLER. THE LISTING BROKERS WILL ATTEND SAID SHOWINGS. This is a multi-use building with the Grandview Grill Restaurant occupying the main floor and 3 apartments on the upper level (see MLS #4213409). All apartments are on a month to month lease. Apartment #3 will be vacated approx. 5/1/2025. The restaurant is currently leased at $5,040.00 monthly until 11/30/2025 with an escalation to $5,166.00 monthly from 12/1/2025 through 11/20/2026. The restaurant lease is a modified triple-net lease. The current lease on the restaurant gives the tenant the option to renew the lease for an additional term of five (5) years and if the option is exercised, the new term shall run from 12/1/2026 until 11/30/2031 with the rental rate, based on current market rates at that time to be negotiated upon receipt of notice to renew the lease for an additional five years. All leases to be provided upon said mutual executed contract or letter of intent. Two patios front and to the rear for outdoor seating being used by the restaurant and the square footage includes a 668 sq. ft. bsmt. used by the restaurant. Upgrades : $22,000 facade grant by the City of Arvada was used to replace windows with custom wood-framed units to match historic, exterior paint, rebuilt front retail facade to match original historic, paint historic cast iron front and refresh outside patio for bar use. Central Air and commercial hot water tank 2008. Plumbing replaced between the floors. Membrane roof 2020. Previous restaurant renters installed a new kitchen, hood system, updated bathrooms, tin ceiling, refreshed paneling, booths, hardwood floors. Cathy Schneider is an owner & a licensed Real Estate Broker in Colorado.

Location

State CO

County Jefferson

Zoning Multi-use

Interior

Fireplace N

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Membrane

Garage No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Structure Type Stucco,Wood Siding

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by RE/MAX Alliance • cathysellscolorado@gmail.com,303-523-9184

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(720) 310-5758

team@connect4homes.com

10754 Belle Creek Blvd Suite 101, City, CO, 80640, United States

7427 Grandview AVE Arvada, CO 80002