7427 Grandview Ave new Save Request In-Person Tour Request Virtual Tour
Arvada,CO 80002
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 4,148 sqft
Price per Sqft $313
Subdivision Arvada Resub
MLS Listing ID 4213409
Bedrooms 3
Year Built 1890
Annual Tax Amount $2,384
Lot Size 1,306 Sqft
Property Sub-Type Income Property
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 BROKER(S) 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. All apartments are on a month-to-month lease. Apartment #3 will be vacated approximately 5/1/2025. The restaurant is currently leased at $5,040.00 until 11/30/25 with an escalation to $5,166.00 from 12/1/25 through 11/30/26. 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 immediately upon receipt of notice to renew the lease for an additional five years. All leases to be provided upon said mutually executed contract or letter of intent. Cathy Schneider is a minority owner and a licensed Real Estate Broker in the State of Colorado.
Location
State CO
County Jefferson
Area Metro Denver
Interior
Heating Wall Furnace
Exterior
Garage Spaces 1.0
Utilities Available Natural Gas Available,Electricity Available
View Mountain(s),City
Roof Type Rubber
Building
Lot Description Corner Lot
Story 2
Sewer City Sewer,Public Sewer
Water City Water
Structure Type Stucco,Wood Siding
New Construction false
Schools
Elementary Schools Lawrence
Middle Schools Arvada K-8
High Schools Arvada
School District Jefferson County R-1
Others
Virtual Tour https://listings.mediamaxphotography.com/7427-Grandview-Ave