840 Tabor St, Lakewood, CO 80401-4700
- Turn key restaurants
- 3,097 SF
- 0.69 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 840 Tabor St
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 0.69 lot acres
- Property type
- Turn key restaurants
- APN
- 49-054-01-063
- APU
- 4905401063
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 26, 2024 | — | Indicate Capital Fund 1 LLC | Ssc Hospitality LLC | Deed · related | — |
| Nov 27, 2023 | — | Ssc Hospitality LLC | — | Deed · related | $130k · David Hoffman |
| Mar 8, 2023 | — | Ssc Hospitality LLC | — | Deed · related | $43k · Alpine Bank |
| Nov 1, 2021 | $1,590,000 | Ssc Hospitality LLC | Otb Properties LLC | Special Warranty Deed | $1M · Indicate Capital Fund 1 LLC |
| Jan 19, 2016 | $1,075,000 | Otb Properties LLC | Modlich,charlene & Stephen | Grant Deed | $1.1M · Bank Of The West |
| Dec 9, 2014 | — | Charlene Modlich | Modlich,charlene & Stephen | Quit Claim Deed · related | $3k · Phyllis Dowell |
| Jul 3, 2003 | $149,100 | Charlene Modlich | Woodruff,thomas C | Grant Deed | — |
| — | — | Thomas C Woodruff | — | Deed Of Trust · related | $88k · Robert Woodruff |
Description
This exceptional turnkey restaurant opportunity is located at 840 Tabor Street in Lakewood, Colorado, 80401. The 3,097 square foot property, built in 2004 and fully renovated in 2023, boasts a prime location with high traffic counts (33,689 vehicles per day on nearby Simms and 6th Ave) and strong demographics (average household income exceeding $100,500 within a 5-mile radius). The single-unit restaurant operates under a 10-year lease and currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $168,000 and an 8.51% cap rate. The asking price is $1,975,000 ($637.71 per square foot). The property is zoned M-G-S and benefits from a significant concentration of potential customers, including over 543 multifamily units and 433 hotel rooms within a half-mile radius. The restaurant features a full bar and a casual, family-friendly atmosphere, specializing in wood-fired pizza and barbecue. Its handcrafted Italian oven and outdoor patio contribute to its unique appeal and strong market position. This is a rare opportunity to acquire a well-established, high-performing restaurant with significant growth potential in a desirable location. The business is poised for continued success given its strong brand recognition, loyal customer base, and prime location within a thriving community.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,355,000
- ML approach
- $1,415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,518,000
Market price range: $711k - $2.13M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,375,000 Current use
- AUTO REPAIR, GARAGE
- $1,600,000 Change: +16% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,430,000 Change: +4% Conversion: Difficult
- OFFICE BUILDING
- $1,265,000 Change: -8% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.129
- Latitude
- 39.731
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
