7172 38th Avenue, Wheat Ridge CO 80033

Property Description

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.

General Features

MLS: 4387275Status: Active
Listing Office: Madison & Company PropertiesStyle: Multi-Story
Construction: BrickBedrooms: 9
Baths: 5Cooling: Other
Heating: RadiantTotal SqFt: 7,582ft²
Finished SqFt: 7,432ft²Above Ground SqFt: 7,432ft²
Acreage: 0.15 acresLot Size: 6,534ft²
Year Built: 1946

School Information

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

Taxes & Fees

Tax Amount: $10,433
Tax Year: 2017

Additional Information

Indoor Features: Built-Ins,Cable Available,Double Pane Windows,Remodeled,Security Entrance,Updated,Window Coverings
Outdoor Features: Balcony
Property Database Last Updated: May 24th 2019 10:45 PM

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