150 Kalamath StDenver, CO 80223

Property Details for 150 Kalamath St

Year built

1943

Construction

WOOD

Lot size

0.63 AC

Property size (Sq ft)

11,134 SF

Zone code

I-MX-3

Property type

Office properties

Property subtype

Office buildings

APN

05091-21-024-000

APU

509121024000

Description

This exceptional opportunity presents the chance to acquire a thriving Denver bar and its accompanying building. Boasting 4,331 square feet of space across two levels, this well-established business has generated gross sales of $1,000,000 in 2024. The property, located at 150 Kalamath St, Denver, CO 80223, includes 47 parking spaces, a significant advantage in a bustling urban environment. Built in 1974, the building has a rich history, with the original Brewery Bar dating back to the 1950s. Recently featured in Westword (January 17, 2025) as one of Denver's best places for green chile and a Top 100 Denver bar, this business enjoys a strong reputation and loyal clientele. The asking price for the business, including the name, inventory, and fixtures, furniture, and equipment (FF&E), is $500,000. This is a remarkable opportunity to own a piece of Denver's vibrant bar scene and capitalize on its established success. The business has been operating for approximately 70 years. This listing pertains to the business and building sale.

• CAP approach

  CAP return

  Valuation

  6%

  $2,389,198

  6.5%

  $2,205,414

  7%

  $2,047,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $919,891

  Geo Method

  $919,891

• Alternative Use

  Use

  Valuation

  Residential

  $2,734,713

  Hospitality

  $2,504,982

  Educational

  $2,084,116

  Medical

  $2,155,792

  Retail

  $3,241,958

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7191

Longitude

-105

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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