Listing Courtesy of Boundary Realty LLC

3759 Chestnut Place

Denver, CO, 80216

$5,999,999

$5,999,999
Active
Active
 - For Sale
property_type
Commercial
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.
MLS® ID:
8954123
Listed:
12/29/20
Updated:
8/13/22

Exterior/Building Features

Lot Size
0.29 acres lot
Lot Details
Corner Lot
Sewer
Public Sewer

Other Property Details

Taxes
$35000
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Denver
Utilities
Cable Available, Electricity Connected, Natural Gas Available, High Speed Internet Available
Water Source
Public
Pool
No
Zoning
I-MX-5

Property History

Date
Event
Price
Value
7/20/22
Price Change
$5,999,999
111%
12/3/21
Price Change
$5,399,999
122%
 

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