7427 Grandview AVE Save Request In-Person Tour Request Virtual Tour
Arvada,CO 80002
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
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
Tax Year 2024
Lot Size 1,350 Sqft
Property Sub-Type Triplex
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
Interior
Heating Natural Gas,Wall Furnace
Cooling None
Laundry None
Exterior
Utilities Available Electricity Connected,Natural Gas Connected
View City,Mountain(s)
Roof Type Membrane
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Stucco,Wood Siding
Schools
Elementary Schools Lawrence
Middle Schools Arvada K-8
High Schools Arvada
School District Jefferson County R-1
Others
Acceptable Financing Cash,Conventional,Jumbo
Listing Terms Cash,Conventional,Jumbo
Special Listing Condition None
Virtual Tour https://listings.mediamaxphotography.com/7427-Grandview-Ave