1750 Mississippi Ave Denver, CO 80223-3013
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
E-MX-3A · Denver, CODenver. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.