**SELLER IS MOTIVATED, MAKE OFFER** 200K Price Improvement! Historical "BF Wadsworth" prime live/work property in the heart of historic Olde Town Arvada is now available! Currently used as retail/office but could be converted to multifamily. Built in 1883
by Benjamin Franklin Wadsworth, Founding Father of Arvada, this ornate property is
meticulously cared for & features over 3,400sf with gorgeous hardwood floors, leaded glass
chandeliers, and ample natural light. The main level of the property is 1166 ft.2 of retail space, is
currently occupied by one tenant w/ flexible lease terms - simply re-hanging the preserved
vintage doors allows reconfiguration in to 4 individual securable offices surrounding a shared
kitchen area & bathroom. The main level rear door leads to a private parking lot w/ 7 spaces,
ADA accessible. The 2nd level, also 1166 ft.2 1 can occupy 1 business and similarly reconfigure in to 4 independent, secure offices (or two offices of 3 suites each!) and 1 shared 1/2 bath. The 3rd floor Loft-Style Crows Nest features 200 ft.2 for an additional
secured office with views of the historic Olde Towne Arvada Water Tower. Rounding out this
amazing property is an 896 ft.2 unfinished basement perfect for storage or future finished space.
The property sits on .28 acres, with mature trees, views of mountains & the historic Olde Town
Water Tower from all floors. Rear of structure has potential for rooftop patio. Situated on the
north end of Olde Town Arvada and the heart of the Ralston Road Business District, this
property has maximum visibility on Ralston yet is steps from Olde Town Arvada restaurants,
shops and vibrant social life. Light rail access is a short 2 blocks, a bus stop a half block away,
& I-70 one mile away, this property is ideally located less than 20 minutes from Denver & 15 min
to Golden. Zoned OT-RR, the Olde Town Ralston Road District is a mixed-use zone district built
for Business Enterprise.
Offered By
Kristen Gustafson Kristen@VIPRealEstateCO.com,303-550-1497, VIP REAL ESTATE LLC
Utility FeaturesNatural Gas Available, Electricity Available
SEWERCity Sewer, Public Sewer
WATER SOURCECity Water
Year Built1883
BasementFull, Unfinished
FINISHED BASEMENT SIZE1096.0
FOUNDATIONSlab
ARCHITECTURAL STYLECottage
RoofComposition
EXTERIOR FEATURESBalcony
Parking FeaturesOversized
Lot FeaturesGutters, Historic District
Garage spaces7
ViewMountain(s), City
CITYArvada
SUBDIVISIONOlde Town Arvada
COUNTYJefferson
AREAMetro Denver
STATECO
SENIOR COMMUNITYNo
TAX AMOUNT15726.0
LATEST UPDATE2024-11-13T17:19:51.239Z
DAYS ON MARKET201
PRICE CHANGE(S)
$1,900,000 Apr 28, 2024
$1,700,000 Aug 8, 2024
$1,500,000 Nov 5, 2024
CUMULATIVE DAYS ON MARKET201
Market Trends
New Properties On Market
16
14%
Increase In New Listings
Average Asking Price
$612,171
$143,613 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$347
$16 Increase In List Price/Sq. Ft.
Average Days On Market
18
23 Day
Decrease In Days On Market
Data as of Nov 15, 2024.
Remaining statistics above are calculated on activity within the period from Sep 01, 2024 to Oct 31, 2024.
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