Arvada, CO 80002,7427 Grandview AVE
Arvada, CO 80002,7427 Grandview AVE
Arvada, CO 80002,7427 Grandview AVE
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$1,300,000
Est. payment /mo
3 Beds
3 Baths
4,148 SqFt

UPDATED:

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

HOA Y/N No

Abv Grd Liv Area 4,148

Originating Board recolorado

Year Built 1890

Annual Tax Amount $2,384

Tax Year 2024

Lot Size 1,350 Sqft

Acres 0.03

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

Rooms

Basement Unfinished

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Fireplace N

Appliance Range, Refrigerator

Laundry None

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

View City, Mountain(s)

Roof Type Membrane

Total Parking Spaces 1

Garage No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Stucco,Wood Siding

Schools

Elementary Schools Lawrence

Middle Schools Arvada K-8

High Schools Arvada

School District Jefferson County R-1

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing Cash, Conventional, Jumbo

Listing Terms Cash, Conventional, Jumbo

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by RE/MAX Alliance • cathysellscolorado@gmail.com,303-523-9184

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agent

Brandy Brown

+1(719) 373-9864

Broker/Owner | License ID: ER 100045879

Broker/Owner License ID: ER 100045879

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