7427 Grandview Avenue
Arvada, CO 80002
4148 sqft | 3 beds | 0.03 acres | #4213409
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.
Property Details
- Utility FeaturesElectricity Connected, Natural Gas Connected
- School DistrictJefferson County R-1
- ViewCity, Mountain(s)
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- SubdivisionArvada Resub
- Lot DescriptionCorner Lot
- BasementUnfinished
- Middle SchoolArvada K-8
- Original List Price$1,300,000
- CountyJefferson
- Elementary SchoolLawrence
- MLS #4213409
- Cost1300000
- Property SubtypeTriplex
- MLS #4213409
- Structure TypeTriplex
- Utility SourcePublic
- High SchoolArvada
- Taxes Annual$2,384
- Property ConditionFixer
- Acres0.03
- Square Feet4148
- Year Built1890
- Bedrooms3
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Catherine Schneider (#REC864425)
Listing Office: RE/MAX Alliance (#RECREM16)
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