536 Cherokee StDenver, CO 80204

Property Details for 536 Cherokee St

Year built

1963

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

2,264 SF

Zone code

C-MX-8

Property type

Turn key restaurants

APN

05102-03-009-000

APU

510203009000

Description

This exceptional 2,264-square-foot commercial kitchen and warehouse, located at 536 Cherokee St, Denver, CO 80204, presents a unique investment opportunity. Situated on a 0.17-acre lot (7,064 sq ft) in the desirable Speer/Baker submarket, this single-tenant property boasts a prime location steps from Denver Health and 6th Avenue, with easy access to Broadway and Lincoln Avenue's vibrant restaurant and retail scene. Built in 1965, this Class B building features one story and offers 6-8 parking spaces, along with a convenient docking space and an external shed. The interior is fully equipped for culinary operations, including 2 walk-in freezers/cold storages, two office rooms, separate men's and women's restrooms, 10 commercial burners, a rice steamer, dough mixer, griddle, four food warmers, two food storage areas, a commercial dishwasher, and a dedicated cleaning area with eight prep tables and four sinks. The zoning is C-CX-8, and the APN is 05102-03-009-000 in Denver County. Its versatility makes it ideal for various food-related businesses, from startups and catering companies to established chains. The ample cold storage capacity also makes it suitable for use as a warehouse. This property offers a compelling blend of location, functionality, and equipment, making it a highly attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $714,159

  6.5%

  $659,223

  7%

  $612,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $471,370

  Geo Method

  $471,370

• Alternative Use

  Use

  Valuation

  Residential

  $556,080

  Hospitality

  $509,366

  Educational

  $423,786

  Medical

  $438,361

  Retail

  $659,223

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7249

Longitude

-104.992

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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