723 & 725 S Broadway
Mixed-use investment property at 723 & 725 S Broadway in Denver, offered at $4,700,000 at a 7.02% cap rate ($330,000 NOI). The fully leased, 17,125 SF asset comprises three income-producing units across two buildings on a 0.721-acre C-MX-8 zoned parcel in Denver's South Broadway corridor, one of the city's most established and active commercial districts.
The property is anchored by Kitchens on Broadway, a 10,925 SF ground-floor tenant paying $18.12/SF ($198,000 annual rent) through September 2028 with 3% annual increases. Boost Pilates Denver occupies 4,200 SF at 723 ($12.36/SF, $51,912 annual rent) on a five-year lease expiring September 2029 with 1- and 5-year renewal options and a demo clause. The upstairs office space (2,000 SF) operates as flexible room rentals at $40.04/SF ($80,088 annual rent). All three units are 100% occupied with 3% annual rent escalations. The buildings, originally constructed in 1926 and renovated in 1982, sit on a two-story structure with strong visibility along one of Denver's busiest commercial thoroughfares.
South Broadway benefits from proximity to established neighborhoods including Baker, Washington Park West, Platt Park, and West Wash Park, supported by strong local demographics: the one-mile radius has a median household income of $115,384 with 14,220 employees; the three-mile radius encompasses 214,369 residents (0.5% annual growth) and 128,030 employees. The corridor has experienced steady reinvestment driven by demand for walkable, amenity-rich locations, with transit-oriented development around Alameda Station and Broadway Station adding momentum. Downtown Denver, I-25, and major transportation routes are readily accessible. The property is positioned near Denver's planned women's professional soccer stadium, with completion anticipated in 2028.
- Fully leased, stabilized income at 7.02% cap with $330,000 NOI
- Three diversified income streams across fitness, food service, and office uses
- Strong one-mile demographics: $115,384 median household income
- Established South Broadway corridor with ongoing reinvestment and transit-oriented development
- Near Denver's women's professional soccer stadium (completion 2028)
- Ideal for investors or future redevelopment; $274.45/SF building, $149.74/SF land
More property details
Features & amenities
Location
Located in Denver's highly sought-after South Broadway corridor, one of Denver's most established and active commercial corridors. The area offers a strong mix of local character, urban energy, and long-term appeal with eclectic blend of restaurants, bars, coffee shops, vintage retailers, galleries, entertainment venues, and fitness concepts. Surrounded by dense mix of retail, restaurant, entertainment, and residential development with proximity to desirable neighborhoods including Baker, Washington Park West, Platt Park, and West Wash Park.
- Exceptional visibility and signage opportunity along one of Denver's busiest commercial thoroughfares;
- convenient access to Downtown Denver, I-25, and major transportation routes; walkable environment with strong neighborhood demographics;
- near Denver's planned women's professional soccer stadium (completion anticipated 2028)
Additional details
South Broadway is one of Denver's most established, recognizable, and active commercial corridors. The area has experienced steady reinvestment in recent years, driven by strong demand for walkable, amenity-rich locations near established residential communities. Growth around Alameda Station and the broader Broadway Station area has contributed to the corridor's momentum with transit-oriented development and infrastructure upgrades.
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