1620 Wazee StDenver, CO 80202

Property Details for 1620 Wazee St

Year built

1946

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

8,434 SF

Zone code

D-LD

Property type

Retail properties

Property subtype

Turn key restaurants

APN

02331-11-018-000

APU

233111018000

Description

This exceptional 6,400 square foot restaurant space is ideally situated in Denver's vibrant LoDo neighborhood at 1620 Wazee Street. Boasting a 50-foot storefront, this fully built-out property offers immediate occupancy, minimizing setup time and costs. The space benefits from its prime location, just steps from the 16th Street Mall, ensuring high visibility and significant foot traffic. Its proximity to Union Station, Coors Field, and Ball Arena guarantees a consistent flow of customers, both local and tourist. The B-7 zoning allows for a variety of restaurant concepts. The property sits on a 6,273 square foot lot. With a Walk Score of 94 and a Bike Score of 90, accessibility is unparalleled. This location within the historic and bustling LoDo district, known for its diverse dining and entertainment options, presents a unique opportunity to establish a thriving restaurant business. The lease rate is $35.00 per square foot, NNN. This is a single-tenant space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,962,185

  6.5%

  $2,734,324

  7%

  $2,539,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,580,958

  Geo Method

  $1,755,979

• Alternative Use

  Use

  Valuation

  Residential

  $2,306,505

  Hospitality

  $2,112,746

  Educational

  $1,757,780

  Medical

  $1,818,233

  Retail

  $2,734,324

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7513

Longitude

-104.999

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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