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Property profile & analytics
OFF-MARKET Estimated value $1,840,000
Turn key restaurants

1620 Wazee St Denver, CO 80202-1314

8,434 SF 0.14 ac lot Built 1946
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US13-0268202
Property summary
AI-generated overview

This exceptional 6,400 square foot restaurant space is ideally situated in Denver's vibrant LoDo neighborhood at 1620 Wazee Street. Boasting a 50-foot storefront, this fully built-out property offers immediate occupancy, minimizing setup time and costs. The space benefits from its prime location, just steps from the 16th Street Mall, ensuring high visibility and significant foot traffic. Its proximity to Union Station, Coors Field, and Ball Arena guarantees a consistent flow of customers, both local and tourist. The B-7 zoning allows for a variety of restaurant concepts. The property sits on a 6,273 square foot lot. With a Walk Score of 94 and a Bike Score of 90, accessibility is unparalleled. This location within the historic and bustling LoDo district, known for its diverse dining and entertainment options, presents a unique opportunity to establish a thriving restaurant business. The lease rate is $35.00 per square foot, NNN. This is a single-tenant space.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1946
Construction WOOD
Total area 8,434 SF
Lot 0.14 ac (6,263 SF)
Zoning code D-LD
APN 02331-11-018-000
UPID US13-0268202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.84M
Owner & transaction history
Shaiman Grandchildren Irrevocable T · 2 yrs held
Shaiman Grandchildren Irrevocable T
since 2023
Last sale
$2.0M
4 recorded transactions
2023
Price N/A
2023
$2.0M
2002
$1.1M
1969
Price N/A
Zoning & alternative use
D-LD · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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