2205 Colfax AveDenver, CO 80206

Property Details for 2205 Colfax Ave

Year built

1988

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

10,470 SF

Zone code

C-MS-5

Property type

Retail properties

Property subtype

Retail space

APN

02355-30-028-000

APU

235530028000

Description

This exceptional turnkey restaurant opportunity presents a rare chance to acquire a thriving established business in a densely populated city park neighborhood. The property boasts a substantial 3,096 square feet of space, perfectly suited for continued operation as a restaurant or adaptable to other retail uses. A significant price reduction reflects the seller's strong motivation to finalize a sale quickly. The space is fully built-out, minimizing start-up costs and allowing for a rapid opening. A key advantage is the inclusion of a fully operational bar and a transferable liquor license, a significant asset for any restaurant operation. Ample off-street parking is available, ensuring convenient access for patrons. The property features an attractive endcap location and a large patio area with ample seating, ideal for outdoor dining and maximizing customer capacity. This turnkey operation is ready for immediate occupancy, offering a streamlined transition for a new owner. The location within a densely populated city park neighborhood guarantees high foot traffic and a strong customer base. This is a truly exceptional opportunity for a savvy investor or restaurateur seeking a profitable and established business. The property's current configuration and features make it an ideal investment for immediate return.

• CAP approach

  CAP return

  Valuation

  6%

  $3,677,268

  6.5%

  $3,394,401

  7%

  $3,151,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,928,224

  Geo Method

  $2,179,879

• Alternative Use

  Use

  Valuation

  Residential

  $2,863,304

  Hospitality

  $2,622,771

  Educational

  $2,182,115

  Medical

  $2,257,161

  Retail

  $3,394,401

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7404

Longitude

-104.961

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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