1514 York StDenver, CO 80206

Property Details for 1514 York St

Year built

1950

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

14,159 SF

Zone code

C-MS-5

Property type

Retail properties

Property subtype

Retail space

APN

02363-09-016-000

APU

236309016000

Description

This exceptional 1,372-square-foot restaurant presents a unique investment opportunity in Denver's vibrant City Park neighborhood. Located on E. Colfax Ave., this single-tenant property boasts a fully built-out space, perfect for a quick and seamless transition for a new owner. The sale includes a transferrable liquor license, a significant advantage for any restaurateur. The property features a walk-in cooler and ample prep space in the basement, ensuring efficient operations. Beyond the main dining area, there's a welcoming patio offering additional seating, ideal for expanding capacity and creating a lively atmosphere. The restaurant benefits from its location within a densely populated area, guaranteeing a strong customer base. This turnkey operation minimizes start-up time and maximizes potential returns, making it an attractive proposition for experienced restaurateurs seeking a well-established business in a prime location. The existing infrastructure and readily available liquor license significantly reduce the hurdles associated with opening a new restaurant, allowing for a swift and efficient transition to new ownership. This is a rare opportunity to acquire a thriving restaurant with all the necessary elements for immediate success. The combination of a prime location, existing infrastructure, and a transferrable liquor license makes this a truly exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $4,972,916

  6.5%

  $4,590,384

  7%

  $4,262,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,369,314

  Geo Method

  $2,947,938

• Alternative Use

  Use

  Valuation

  Residential

  $3,872,161

  Hospitality

  $3,546,878

  Educational

  $2,950,961

  Medical

  $3,052,450

  Retail

  $4,590,384

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7404

Longitude

-104.96

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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