2217 Welton StDenver, CO 80205

Property Details for 2217 Welton St

Year built

1921

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

5,519 SF

Zone code

D-AS-12+

Property type

Retail properties

Property subtype

Bars

APN

02342-28-043-000

APU

234228043000

Description

This exceptional 4,700-square-foot retail property, located at 2217 Welton Street in Denver's vibrant Five Points neighborhood, presents a unique investment opportunity. Built in 1921 and renovated in 2020, this single-building property boasts original exposed brick, high ceilings, and inviting glass garage doors, creating a bright and airy space. The flexible layout is ideal for a variety of uses, including a bar, restaurant, event center, boutique hotel, office space, co-working hub, fitness studio, or brewery. The property sits on a 7,925-square-foot lot and is zoned C-MS-12. An adjacent lot (2223 Welton) is included, providing potential for additional parking or outdoor space. Key features include a transferrable cabaret license and an existing hood system (without a grease trap). The property benefits from its location near a light rail station and is surrounded by new high-end multifamily developments. The building's prominent location also offers excellent mural potential. The property is currently vacant and available for occupancy starting November 18, 2024. The potential for redevelopment up to 12 stories is also a significant advantage.

• CAP approach

  CAP return

  Valuation

  6%

  $1,938,380

  6.5%

  $1,789,274

  7%

  $1,661,469

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,652,041

  Geo Method

  $1,149,069

• Alternative Use

  Use

  Valuation

  Residential

  $1,509,320

  Hospitality

  $1,382,529

  Educational

  $1,150,248

  Medical

  $1,189,806

  Retail

  $1,789,274

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7506

Longitude

-104.984

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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