1430 Race St - Hospitality FOR SALE


Denver, CO 80206- Cheesman Park
$3,200,000 USD
720-545-4657
1430 Race St, Denver, CO for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/26
null | 10.23% Cap Rate

1430 Race St
Denver, CO 80206
Cheesman Park


HIGHLIGHTS

  • Rare opportunity for investor or owner operators to acquire a well established and profitable turnkey boutique hospitality asset in Denver
  • High-performing hospitality business with performance metrics that significantly exceed broader Denver market averages for comparable accommodations

OVERVIEW

Flora House represents a rare opportunity for investor or owner operators to acquire a well established and profitable boutique hospitality asset in Denver’s renowned Wyman Historic District. The property benefits from exceptional proximity to the city’s cultural, dining, and commercial destinations and is one of very few lodging properties in the area. This 1892 Victorian mansion underwent a meticulous restoration and was redesigned in 2022. Today, the property operates as a boutique hotel / Bed & Breakfast with a growing clientele for private events. The property sits on a 0.22-acre landscaped lot featuring a spacious private garden and hardscaped outdoor gathering spaces. The interior offers elegant common areas and seven unique, luxury guest suites, each with a private en-suite bathroom. Included with the turnkey sale is all all FF&E (guest-facing, common area and operational), Intangible business assets (Branding, Website, reservation systems, Social media accounts, SOPs), and operational infrastructure (private one-bedroom owner/innkeeper residence, commercial kitchen, laundry, hot tub, storage, garage, 5 guest parking spots). Flora House has established itself as a high-performing hospitality business with annual gross revenues consistently exceeding $500,000. In 2025, the property achieved 70% occupancy, with an Average Daily Rate (ADR) of $218 and RevPAR exceeding $150—performance metrics that significantly exceed broader Denver market averages for comparable accommodations. Meaningful growth potential exists through expanded event and group sales programming, optimized pricing strategies, expanded marketing efforts and online presence, and ongoing operational savings. Flora House is a compelling combination of updated historic architecture, turnkey operations, proven performance, brand awareness & loyalty, with avenues for future growth within a sought-after neighborhood. An Offering Memorandum and financials are available for qualified buyers. Showing by appointment only. Please respect that this is an operational business hosting paid guests. Please do not call the property. Do not visit the property outside of your scheduled appointment time. Property tours must be scheduled with the listing agent. Owner/seller has a Colorado real estate license and is selling the property for his or her own account.  The information contained herein is provided without the intention that any buyer rely upon it. The information was gathered from preliminary inspections of the property and knowledge from the seller/owner. It is subject to change without notice and must be verified independently by buyers. Listing Broker/Seller/Owner takes no responsibility for its accuracy. Note: The 10.23% Cap is for an owner operator model, 8.26% Cap for the investor model on $264k adjusted NOI.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$480 USD /SF

# OF ROOMS

8

PRICE/ROOM

$400,000 {currency}

CAP RATE

10.23%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flora House Denver

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

A

YEAR BUILT

1892

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,477 SF

ZONING

GRX3

APN/PARCEL ID

5021-03-005

ASK ABOUT THIS PROPERTY

Leigh AldertonMODUS Real EstateMore Info
720-545-4657

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Leigh AldertonMODUS Real EstateMore Info
720-545-4657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.