2195 California StDenver, CO 80205

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,672,360

  6.5%

  $2,466,800

  7%

  $2,290,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,695,410

  Geo Method

  $848,078

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,781,770

  Mixed-Use / Specialty

  $2,469,610

  Hospitality / Lodging

  $1,826,980

  Office

  $2,467,030

  Institutional / Educational

  $2,571,550

  Residential Income

  $3,008,710

  Multifamily

  $3,544,140

  Automotive / Energy

  $2,204,180

  Parking / Income-Based Land

  $749,170

  Restaurant / Food Service

  $1,309,230

  Healthcare / Senior Housing

  $2,520,640

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

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