For Sale
$1,975,000

840 Tabor StLakewood, CO 80401

Thriving restaurant, strong financials, high demand.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Fully renovated in 2023.
  • High traffic counts (33,689 VPD) on nearby Simms and 6th Ave.
  • Strong demographics: Average household income over $100,500 within a 5-mile radius.
  • Over 543 multifamily units and 433 hotel rooms within 0.5 miles.

Property Details for 840 Tabor St

Property type
Retail properties, Restaurants
Square Feet
3,097 SF
Year Built/Renovated
2004/2023
Buildings
1
Stories
1
Units
1

Location Insight

City
Lakewood
County
Jefferson
State
Colorado
Latitude
39.730686601389
Longitude
-105.12877139786
840 Tabor St, Lakewood, Colorado

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840 Tabor St
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