3759 Chestnut Place, Denver, CO 80216

$4,399,999

Property Description

Licensed Bar/Tavern Frederick Enterprises Inc. DBA “New Welcome Inn” in the RINO (River North Arts District) Arts District Prime Redevelopment! Walking Distance from the New World Trade Center and New Light Rail Station or the East Line. Walk a few blocks further in the other direction to the West Line. Hottest New Area in Denver that has tremendous Potential! 1/2 Block Away from the New Denver Greenspace that Denver is Investing a minimum of $5,000,000.00 on Improvements for this 10 Block Stretch of River Prominade. The Property is on Chestnut Place which has been designated a Festival Street by the City and County of Denver. This is a Tremendous Opportunity with Upside as Millions of Dollars are designated for the adjoining Properties and there Development? This is a Business and Property Sale! The Business has one of the Oldest Liquor Licenses in Denver with No Violations. Preliminary Development meetings with the City of Denver presented an Opportunity to Redevelop the Property into a 12 Story Building. Designation of 1st Floor Commercial, and 3 Floors of Parking with 8 Floors of Residential up above.

Courtesy of Boundary Realty LLC

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