970-572-4808
698 Santa Fe Dr, Denver, CO for Sale
Restaurant - FOR SALE
1/21
null | Request Cap Rate

698 Santa Fe Dr
Denver, CO 80204
Lincoln Park


HIGHLIGHTS

  • Freestanding restaurant at a high-visibility corner intersection on Santa Fe Drive and East 7th Avenue
  • 4,533 SF building with 1,011 SF pergola-covered patio featuring three garage doors
  • Expanded and fully remodeled in 2019 with all new restaurant infrastructure (NOT currently operating as a restaurant)
  • Hood ventilation tie-ins, grease trap, walk-in coolers, and draft lines in place
  • Basement provides storage and staff break area
  • Construction documents, equipment plans, and a virtual tour are available

OVERVIEW

Freestanding restaurant property at a highly active, signalized intersection in Denver's Art District on Santa Fe, a few blocks from the Burnham Yard redevelopment, the future home of the new Denver Broncos stadium. The building was fully remodeled and expanded from a storefront retail space into a purpose-built, full-service restaurant featuring a 1,011 SF pergola-covered patio with garage doors. The buildout delivered a large bar area and dining room, a spacious kitchen, a private dining room, and a large, functional basement. Infrastructure includes new HVAC, plumbing, electrical, hood ventilation, grease interceptor, walk-in cooler, draft lines, and tie-ins for all standard restaurant equipment. The remodel wrapped up in late 2019, and a restaurant operator opened shortly thereafter. Within a few months, the pandemic made restaurant operations unsustainable, and the owner transitioned the space to a temporary retail use (boutique tattoo studio) while preserving the restaurant infrastructure. The property is in outstanding condition, beautifully designed, and ready for an operator to reactivate it for its intended use. Construction documents, equipment plans, and a virtual tour are available upon request. Reactivation as a restaurant will require (i) reconstruction of the front section of the bar (plumbing tie-ins, drains, beer taps, bar-back refrigeration, and bar canopy are still in place), (ii) a change of use from retail to restaurant (City of Denver), (iii) acquisition of a liquor license, and (iv) new restaurant equipment and furniture. This property is not currently operating as a restaurant. It is occupied by another business. Please contact us to schedule a private tour. Please do not disturb the occupant.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1891

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C-MS-5

APN/PARCEL ID

5036-30-001

ASK ABOUT THIS PROPERTY

Montana RaeCurated Commercial Real EstateMore Info
970-572-4808

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Montana RaeCurated Commercial Real EstateMore Info
970-572-4808

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