Property profile

2217 Welton St Denver, CO 80205

OFF-MARKET
Bars & Pubs
Property ID
US13-1322207
5,519 SF 0.11 ac lot Built 1921
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,700-square-foot retail property, located at 2217 Welton Street in Denver's vibrant Five Points neighborhood, presents a unique investment opportunity. Built in 1921 and renovated in 2020, this single-building property boasts original exposed brick, high ceilings, and inviting glass garage doors, creating a bright and airy space. The flexible layout is ideal for a variety of uses, including a bar, restaurant, event center, boutique hotel, office space, co-working hub, fitness studio, or brewery. The property sits on a 7,925-square-foot lot and is zoned C-MS-12. An adjacent lot (2223 Welton) is included, providing potential for additional parking or outdoor space. Key features include a transferrable cabaret license and an existing hood system (without a grease trap). The property benefits from its location near a light rail station and is surrounded by new high-end multifamily developments. The building's prominent location also offers excellent mural potential. The property is currently vacant and available for occupancy starting November 18, 2024. The potential for redevelopment up to 12 stories is also a significant advantage.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1921
Construction WOOD
Total area 5,519 SF
Lot 0.11 ac (4,700 SF)
Zoning code D-AS-12+
APN 02342-28-043-000
UPID US13-1322207

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2217 Welton St Denver, CO 80205-2810
Denver metro Census 2405 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2018
$1.3M
2010
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

D-AS-12+ · Denver, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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