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    1750 Mississippi Ave Denver, CO 80223

    For Sale
    $1,800,000

    Turnkey Restaurant, High Cap Rate, 7,488 SF

    Property size:
    7,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Denver restaurant, located at 1750 W Mississippi Ave, presents a lucrative investment opportunity. Boasting 7,488 square feet on a 16,889 square foot lot, this single-story, 1960-built property is fully occupied and offers a strong 8.00% cap rate at an asking price of $1,800,000 ($240.38/sq ft). The property features a fully equipped commercial kitchen with a grease trap and hood, a transferable Hotel & Restaurant liquor license, and ample parking with 26+ spaces. The layout includes open floor plans on both the main and lower levels, each with full-service bars, plus a 360 sq ft screened-in front porch and additional patio space. The building is equipped with three furnaces and one roof-mounted AC unit. Situated in the Athmar Park neighborhood, this high-visibility location benefits from a large nearby apartment population. The property is zoned E-MX-3A, permitting a three-story apartment development. Currently operating under a NNN lease with 100% occupancy, the landlord is willing to extend the lease to a total of 10 years upon request. This turnkey restaurant is ideal for an owner-user or investor seeking a profitable and established business in a thriving Denver location.

    Property Features for 1750 Mississippi Ave

    General Information

    Property type
    Restaurants
    Square Feet
    7,488 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Full kitchen with grease trap and hood system.
    • Paved parking lot with 26+ spaces.
    • Transferable hotel and restaurant liquor license.
    • Three furnaces and one roof‑top AC unit.
    • Screened front porch.
    • 360 SF, zoned E‑MX‑3A, allowing for three‑story apartment development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Jaula Sports ... Sports Bar Mariscos el cora Seafood Restaurant Coin Cloud Bitcoin ... Kiosk ATM Machine at La ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -105.00781126436
    Latitude
    39.696787469825

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High Cap Rate, 7,488 SF
    Where is this restaurant located?
    The property is located at 1750 Mississippi Ave Denver, CO.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Full kitchen with grease trap and hood system.; Paved parking lot with 26+ spaces.; Transferable hotel and restaurant liquor license.
    Request Owner's contact information
    1750 Mississippi Ave Denver, CO 80223
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1750 Mississippi Ave Denver, CO 80223
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