7617 88Th AveWestminster, CO 80005

Property Details for 7617 88Th Ave

Year built

1984

Construction

STEEL FRAME

Lot size

1.36 AC

Property size (Sq ft)

9,314 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

29-233-11-230

APU

2923311230

Description

This exceptional restaurant property, located at 7617 W 88th Ave in Westminster, Colorado, presents a unique investment opportunity. The 9,314 square foot building sits on a 1.36-acre lot (APN 29-233-11-230) and boasts a prime hard-corner location at the fully signalized intersection of 88th and Wadsworth Boulevard, offering amazing visibility within the Mission Commons Shopping Center. Originally built in 1984, the property underwent a complete renovation in 2015, with over $1,000,000 invested in new electrical, plumbing, finishes, and comprehensive restaurant infrastructure. This includes updated dining rooms, a bar, a large kitchen, coolers, and restrooms. The current owner has already initiated construction of a significant 3,000 square foot rooftop patio, with architectural drawings completed, utilities installed to the roof, and foundation/building support already in place. The property's expansive kitchen is ideal for a variety of food-related businesses, including restaurants, food halls, caterers, or food production facilities. The surrounding area is experiencing significant growth, including the major redevelopment of the 105-acre Westminster Mall into Downtown Westminster. This property offers a rare combination of a fully renovated, high-visibility location with significant expansion potential, making it an attractive investment in a thriving Colorado market. The property is a single-story building. The zip code is 80005. Jefferson County is the county location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,374,380

  6.5%

  $3,114,812

  7%

  $2,892,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,716,156

  Geo Method

  $1,939,197

• Alternative Use

  Use

  Valuation

  Residential

  $2,627,461

  Hospitality

  $2,406,740

  Educational

  $2,002,380

  Medical

  $2,071,244

  Retail

  $3,114,812

Location Insight

City

Westminster

County

Jefferson

State

Colorado

Latitude

39.8589

Longitude

-105.082

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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