2915 44Th AveDenver, CO 80211

Property Details for 2915 44Th Ave

Year built

1990

Construction

WOOD

Lot size

0.30 AC

Property size (Sq ft)

5,733 SF

Zone code

U-MS-3

Property type

Retail properties

Property subtype

Turn key restaurants

APN

02201-35-024-000

APU

220135024000

Description

This exceptional 5,733 square foot restaurant located at 2915 W 44th Ave in Denver, Colorado, presents a truly unique investment opportunity. Boasting a rich history as a thriving establishment since the 1940s, operating for over four decades as Ernie's Supper Club/Ernie's Bar & Pizza, this property is ideally situated in the heart of Denver's burgeoning Sunnyside neighborhood, bordering the vibrant Highlands to the east and Berkeley to the west. Its prime location offers easy access to major transportation arteries, including I-70, Federal Boulevard, and I-25. The property sits on a 13,282 square foot lot and includes 22 parking spaces, a significant advantage in a densely populated area. The building itself underwent a complete renovation and update in 2019, ensuring modern functionality and aesthetics. The property is zoned U-MS-3 and is offered as a turnkey operation, with all furniture, fixtures, and equipment (FF&E) available for purchase. The walkability score of 79/100 underscores the desirability of this location for both residents and customers. This is a rare chance to acquire a well-established, fully renovated restaurant in a rapidly developing area of Denver. The asking price is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,013,541

  6.5%

  $1,858,653

  7%

  $1,725,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,793,649

  Geo Method

  $1,193,624

• Alternative Use

  Use

  Valuation

  Residential

  $1,567,844

  Hospitality

  $1,436,136

  Educational

  $1,194,849

  Medical

  $1,235,941

  Retail

  $1,858,653

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7769

Longitude

-105.024

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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