The Gallery @ 38this an innovative mixed-use property located in the heart of downtown Wheat Ridge in the direct path of redevelopment for the city. The first floor is comprised of two retail tenants. Books & Brews has recently signed a long term lease for the majority of the main floor. In addition, there is a Tattoo Parlor occupying the remainder of the space at below market rents. Their lease expires at the end of the year which provides a new owner the opportunity for upside in the short term. The second floor is a redesign of a 3-unit muiti-family apartment that has been turned into a creative Airbnb rental platform. There are currently three master leases for the airbnb units. The property can be purchased as a passive investment with the leases in place or a new owner has the option of taking over the Airbnb business at no additional cost and significantly increasing their return on investment.



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Property Details

  • Days on PL 36
  • Parking 20 Spaces
  • Lot Size 6,534 SF (0 Acres)
  • PSF $309
  • MLS ID 4387275
  • Type Income
  • Style
  • Architecture
  • Structure Type Multi-Story
  • Seller Corporation/Trust
  • Above Grade sqft 7,432 SF
  • Finished sqft 7,432 FSF
  • Total sqft 7,582 TSF
  • Hoa Fees None
  • Year Built 1946
  • Faces
  • Amenities 1031 Exchange, Balcony, Built-Ins, Cable Available, Concrete, Convection Oven, Dishwasher, Double Pane Windows, Income Potential, Laminate, Microwave Oven, Refrigerator (Kitchen), Remodeled, Security Entrance, Stove/Range/Oven, Tile Floor, Updated, Window Coverings

Additional Details

  • City Wheat Ridge
  • School Districts Jefferson County R-1
  • Elementary School Prospect Valley
  • Junior High School Jefferson
  • High School Wheat Ridge
  • Zoned C-1
  • Taxes $10,433
  • County Jefferson
  • Heat Delivery Radiant
  • Heat Fuel Gas
  • Cooling Other
  • Water
  • Sewer
  • Fireplaces
  • Basement Type Cellar
  • Basement Finished % %
  • Year of Construction 1946