7427 Grandview Ave, Arvada, CO 80002 - MLS#4213409

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Breeyan Edwards

breeyan@firstcoloradorealty.com +1(970) 646-6555

$ 1,300,000

Est. payment | -/mo

3 Beds

3 Baths

4,148 SqFt

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$ 1,300,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

3 Baths

4,148 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Pending

Purchase Type For Sale

Square Footage 4,148 sqft

Subdivision Arvada Resub

MLS Listing ID 4213409

Bedrooms 3

HOA Y/N false

Abv Grd Liv Area 4,148

Originating Board REcolorado

Year Built 1890

Annual Tax Amount $2,384

Lot Size 1,306 Sqft

Acres 0.03

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

Direction Northeast corner of Grandview Avenue & Webster

Rooms

Basement Unfinished

Interior

Heating Wall Furnace

Appliance Refrigerator

Exterior

Garage Spaces 1.0

Utilities Available Natural Gas Available, Electricity Available

View Mountain(s), City

Roof Type Rubber

Building

Lot Description Corner Lot

Faces South

Story 2

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories Two

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

Senior Community false

SqFt Source Assessor

Virtual Tour https://listings.mediamaxphotography.com/7427-Grandview-Ave

Information and Real Estate Services (IRES)

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

+1(970) 646-6555

breeyan@firstcoloradorealty.com

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7427 Grandview Ave Arvada, CO 80002