2195 California StDenver, CO 80205

  • Retail properties
  • 9,870 SF
For Sale
$2,500,000 View listing

Property Details for 2195 California St

Year built
1949
Construction
WOOD
Lot size
0.14 AC
Property size (Sq ft)
9,870 SF
Zone code
D-AS-12+
Property type
Retail properties
Property subtype
Turn key restaurants
APN
02342-30-017-000
APU
234230017000

Description

This exceptional 9,870-square-foot property located at 2195-2199 California Street in Denver, Colorado, presents a unique investment opportunity. Currently housing the renowned Mercury Cafe, this two-story, free-standing brick building boasts a rich history as a beloved restaurant, bar, and performing arts venue. Built in 1949, the property features high barrel ceilings, unique interior fixtures and finishes, and even solar panels. The building sits on a 6,276-square-foot lot and benefits from a favorable D-AS-12+ zoning designation. Its prime location in Denver's Arapahoe Square, considered "Downtown Denver's Next Great Neighborhood," offers immediate access to major arterial streets like Broadway, Park Avenue, and 20th Street, connecting it to vibrant neighborhoods such as Downtown, Ballpark, RiNo, Five Points, and Uptown. The property's proximity to light rail enhances its accessibility. The sale includes a Hotel/Restaurant Liquor License with All Ages Cabaret. This is an ideal opportunity for a variety of uses, including a continuation of the Mercury Cafe legacy, or for an owner/user, investor, or developer seeking a prime location in a rapidly developing area. The asking price is $2,500,000, translating to $253.29 per square foot. The property is a single-tenancy building classified as Class C.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,466,536
    6.5%
    $3,199,880
    7%
    $2,971,316
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,531,190
    Geo Method
    $2,054,958
  • Alternative Use

    Use
    Valuation
    Residential
    $2,699,218
    Hospitality
    $2,472,469
    Educational
    $2,057,065
    Medical
    $2,127,811
    Retail
    $3,199,880
2195 California St, Denver, Colorado

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.7508
Longitude
-104.985
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,102
$568,880
$280
$569,160
-
$2,069,000
$1,000
$2,070,000

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