Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Bar & Pub
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Restaurant
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Shopping Center & Mall (Bike/Boat/Book/etc) Store
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
E-MX-3A Mixed Use 3A E-RX-3 Residential Mixed Use 3 E-RX-5 Residential Mixed Use 5 E-MS-2 Main Street 2 E-MS-2x Main Street 2x E-MS-3 Main Street 3 E-MS-5 Main Street 5 SE CTION 4.2.2 RESIDENTIAL DISTRICTS (E-SU-A, -B, -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
E-MX-3A · Denver, COE-MX-3A Mixed Use 3A E-RX-3 Residential Mixed Use 3 E-RX-5 Residential Mixed Use 5 E-MS-2 Main Street 2 E-MS-2x Main Street 2x E-MS-3 Main Street 3 E-MS-5 Main Street 5 SE CTION 4.2.2 RESIDENTIAL DISTRICTS (E-SU-A, -B, -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
E-MX-3A Mixed Use 3A E-RX-3 Residential Mixed Use 3 E-RX-5 Residential Mixed Use 5 E-MS-2 Main Street 2 E-MS-2x Main Street 2x E-MS-3 Main Street 3 E-MS-5 Main Street 5 SE CTION 4.2.2 RESIDENTIAL DISTRICTS (E-SU-A, -B, -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for E-MX-3A in Denver, CO.
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