Property profile

7401 1st Ave Denver, CO 80230

OFF-MARKET
Turn key restaurants
Property ID
US13-2732593
13,549 SF 1.43 ac lot Built 2006
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 13,215-square-foot restaurant property, located at 7401 E 1st Avenue in Denver, Colorado's Lowry neighborhood (zip code 80230), is available for $4,800,000. Built in 2006, this single-building property sits on a substantial 62,074-square-foot lot and is zoned B-3. The property boasts a prime location within the vibrant Lowry community, a mixed-use area offering a high quality of life with easy access to Denver's cultural attractions. Previously home to the Tavern Lowry and Soiled Dove Music Venue, this location comes with a transferrable cabaret license, a significant advantage for any establishment offering live entertainment and alcohol sales. The property is currently vacant, presenting a unique opportunity for a new restaurant or venue concept. Strong area demographics support this venture, with over 336,000 daytime employees and approximately $1.2 billion in consumer spending within a two-mile radius. Fixtures, furniture, and equipment (FF&E) are available for separate purchase. This is a rare chance to acquire a well-situated, established property in a thriving Denver neighborhood. The price per square foot is $363.22.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2006
Construction WOOD
Total area 13,549 SF
Lot 1.43 ac (62,074 SF)
Zoning code B-3
APN 06092-01-003-000
UPID US13-2732593

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Theater & Performing Art Venue Music Venue
  • Atm

Location

7401 1st Ave Denver, CO 80230-6910
Denver metro Census 4406 DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.46M
Blend (final) Blend
$470k

Owner & transaction history

since 2012
Last sale
$3.5M
5 recorded transactions
2012
Price N/A
2012
Price N/A
2006
$434,518
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 · Denver, CO
Zoning description

This district promotes multiple commercial uses like banking and financial services, food sales or market etc

General category COMMERCIAL

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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