2195 California StDenver, CO 80205
- Retail properties
- 9,870 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].