This Denver restaurant condominium is currently operating as a restaurant and bar with an event center. Ideal for an investor or owner operator; the successful tenant’s lease is expiring this year. Current annual base rent is $108,837 reflecting a 7.8% return on investment. Negotiate a lease extension or convert to your concept at the end of the current lease term. The beautiful restaurant and bar was originally the Paris Hotel and has exposed brick, stained glass, and a grand stairway with two floors of charming dining or event space. This property includes one of Denver’s best patios surrounded by the European style courtyard. The three-story former hotel was converted to condos with two stories of residences above the main floor restaurant and bar. The tenant holds the H&R Liquor License with Cabaret which allows live performances for guests or event attendees. Please DO NOT contact tenant. This Denver restaurant real estate for sale is listed by Mark Valente.
- Location: Denver / Boulder Metro
- Price: 1,395,000
- Status: Sold/Leased
- Reference Number: 20132
Facilities
- Square Footage (Building): 5,868
- Total Seats: 310
- Seats Dining: 109
- Seats Bar: 15
- Seats Banquet Room: 86
- Seats Patio: 100
- Grease Trap: y
- Hood: 12’ and 8’
- Liquor License: H&R Cabaret
Financials
- Net Operating Income: $108,837
- Real Estate Taxes: $26,480.86
