1468 Cherokee StDenver, CO 80223

Property Details for 1468 Cherokee St

Year built

1998

Construction

STEEL FRAME

Lot size

0.25 AC

Property size (Sq ft)

4,540 SF

Zone code

I-A

Property type

Manufacturing properties

APN

05223-10-033-000

APU

522310033000

Description

This exceptional investment opportunity presents a fully-leased, 4,540 square foot multi-tenant QSR property located at 1468 S Cherokee St, Denver, CO 80223. The property, built in 1993 and extensively renovated in 2021, boasts a 6.00% cap rate and an 80% occupancy rate. Ten individual kitchen stations, ranging from 200 to 317 square feet each, offer customizable layouts and are equipped with 10-foot type exhaust hoods and ventilation, three-compartment sinks, and hand-washing stations. Shared amenities include optional refrigeration, freezer, and storage space. The property features a new roof, HVAC system, and solar panels, enhancing energy efficiency and reducing operating costs. On-site food runners/expediters streamline logistics, while short-term parking is available for delivery drivers. Additional tenant amenities include employee break areas and a liquor license is in place. The 10,950 square foot lot provides ample space, and 15 parking spaces are available. The property is zoned I-A and offers a turnkey investment opportunity in a thriving Denver location. This property is ideal for investors seeking a stable, high-return investment in the rapidly growing food service industry. The property's central location provides easy access to a large customer base, with over 33,000 households and 75,000 people within a two-mile radius, boasting an average household income of $117,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,115,107

  Hospitality

  $1,021,432

  Educational

  $849,819

  Medical

  $879,046

  Retail

  $1,321,941

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.69

Longitude

-104.991

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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