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1750 W Mississippi Ave

7,488 SF Retail Building Denver, CO 80223 £1,409,940 (£188/SF) 8% Net Initial Yield

Investment Highlights

  • Full kitchen with grease trap and hood
  • Hotel & Restaurant Liquor license transferable upon sale
  • Screened in front porch 360 SF
  • Paved parking lot with 26+ spaces
  • Three (3) furnaces and One (1) AC unit on roof
  • Landlord can extend lease to a total 10-year term upon request

Executive Summary

This property is perfect for an owner-user or investor seeking a turnkey restaurant, featuring a commercial kitchen, Hotel & Restaurant liquor license, and a paved parking lot with over twenty-six spaces. The main floor and lower level offer open layouts with full-service bars. Located near Athmar Park Neighborhood, it boasts high visibility and a large nearby apartment population. Listed for $1,800,000 at an 8% cap rate with three years remaining on the lease.

Attachments

1750_W_Mississippi_Ave_Sale_Brochure_7.23

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,488 SF
Building Class
C
Year Built
1960
Price
£1,409,940
Price Per SF
£188
Net Initial Yield
8%
NOI
£112,795
Tenancy
Single
Number of Floors
1
Building FAR
0.44
Lot Size
0.39 AC
Zoning
E-MX-3A - E-MX-3A Zoning allows for Three (3) story apartment development
Parking
26 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
60 ft on Mississippi Ave
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Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Planet Fitness
Starbucks
CrossFit
Lowe's Supermarket
U.S. Bank
Vectra Bank
9Round
Safeway
Chase

PROPERTY TAXES

Parcel Number 5212-02-037 Improvements Assessment £171,245
Land Assessment £52,497 Total Assessment £223,742

PROPERTY TAXES

Parcel Number
5212-02-037
Land Assessment
£52,497
Improvements Assessment
£171,245
Total Assessment
£223,742
(303) 512-1159

Contacts

  • Listing ID: 32628102

  • Date on Market: 30/07/2024

  • Last Updated:

  • Address: 1750 W Mississippi Ave, Denver, CO 80223

The Retail Property at 1750 W Mississippi Ave, Denver, CO 80223 is currently available for sale. Contact Unique Properties, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

1750 W Mississippi Ave
(303) 512-1159 x

1750 W Mississippi Ave

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Sam Leger

(303) 512-1159

(303) 512-1159

Graham Trotter

(303) 321-5888

(303) 321-5888

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