7401 1St AveDenver, CO 80230

Property Details for 7401 1St Ave

Year built

2006

Construction

WOOD

Lot size

1.43 AC

Property size (Sq ft)

13,549 SF

Zone code

B-3

Property type

Turn key restaurants

APN

06092-01-003-000

APU

609201003000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,839,620

  6.5%

  $2,621,180

  7%

  $2,433,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,764,200

  Geo Method

  $1,164,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,033,590

  Mixed-Use / Specialty

  $2,643,350

  Hospitality / Lodging

  $1,980,360

  Office

  $2,660,460

  Institutional / Educational

  $2,759,280

  Residential Income

  $3,228,360

  Multifamily

  $3,697,240

  Automotive / Energy

  $2,365,100

  Parking / Income-Based Land

  $785,036

  Restaurant / Food Service

  $1,442,070

  Healthcare / Senior Housing

  $2,678,390

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.719

Longitude

-104.901

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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