For Sale
$1,800,000

1750 Mississippi AveDenver, CO 80223

Turnkey Restaurant, High Cap Rate, 7,488 SF

Overview

Added:
Dec 11, 2024
Days on market:
123
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.

Highlights

  • Full kitchen with grease trap and hood system.
  • Paved parking lot with 26+ spaces.
  • Transferable hotel and restaurant liquor license.
  • Three furnaces and one roof-top AC unit.
  • Screened front porch.
  • 360 SF, zoned E-MX-3A, allowing for three-story apartment development.

Property Details for 1750 Mississippi Ave

Property type
Retail properties, Restaurants
Square Feet
7,488 SF
Year Built
1960
Buildings
1
Stories
1
Units
1

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.696787469825
Longitude
-105.00781126436
1750 Mississippi Ave, Denver, Colorado

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, High Cap Rate, 7,488 SF
Where is the retail property located?
The property is located at 1750 Mississippi Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Full kitchen with grease trap and hood system.; Paved parking lot with 26+ spaces.; Transferable hotel and restaurant liquor license.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1750 Mississippi Ave
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