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Executive Summary
Owners completed a comprehensive interior gut renovation and full rehabilitation of the property. Total building improvements exceeded $1 million, including the replacement of all rooftop HVAC units. In addition, over $550,000 was invested in machinery, furniture, fixtures, and equipment (FF&E), featuring a complete upgrade to brand-new, state-of-the-art kitchen equipment. Major improvements included new restaurant ranges, Combi ovens, tilting skillet, blast chillers, refrigerated merchandisers, walk-in coolers, espresso/cappuccino machine, and stainless-steel work surfaces. The investment also covered all new smallware’s, as well as new tables and chairs for restaurant seating.
- Second generation fully built out turnkey restaurant space with a commercial kitchen, coffee bar/bar, grease trap, hood system, walk in coolers and an exterior loading dock with direct kitchen access for seamless deliveries.
- All restaurant infrastructure, furniture, fixtures, and equipment are included in the price.
- Former successful IHOP location and most recently YouTopia who invested over $1,000,000 since 2021 in significant capital improvements to the property, including new HVAC units, multiple new coolers, renovated interior and utility upgrades.
- Ideally located with easy access from C 470 and West Ken Caryl Avenue and surrounded by dense single family and multifamily communities, new residential proposed and high median household income estimated at $116,000.
- Located within an established, diverse commercial development with tenants that drive area traffic, including Safeway, Ent Credit Union, Holiday Inn Express, Homegrown Tap & Dough, Hampton Inn and Suites, The Nest Schools, U.S. Bank and Chipotle.
- Highly visible property with an average daily traffic count of approximately 24,026 vehicles on Ken Caryl and 61,468 on C-470 (www.drcog.org).
- Lack of restaurants on the west side
- Second generation fully built out turnkey restaurant space with a commercial kitchen, coffee bar/bar, grease trap, hood system, walk in coolers and an exterior loading dock with direct kitchen access for seamless deliveries.
- All restaurant infrastructure, furniture, fixtures, and equipment are included in the price.
- Former successful IHOP location and most recently YouTopia who invested over $1,000,000 since 2021 in significant capital improvements to the property, including new HVAC units, multiple new coolers, renovated interior and utility upgrades.
- Ideally located with easy access from C 470 and West Ken Caryl Avenue and surrounded by dense single family and multifamily communities, new residential proposed and high median household income estimated at $116,000.
- Located within an established, diverse commercial development with tenants that drive area traffic, including Safeway, Ent Credit Union, Holiday Inn Express, Homegrown Tap & Dough, Hampton Inn and Suites, The Nest Schools, U.S. Bank and Chipotle.
- Highly visible property with an average daily traffic count of approximately 24,026 vehicles on Ken Caryl and 61,468 on C-470 (www.drcog.org).
- Lack of restaurants on the west side
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,093 SF
Building Class
B
Year Built
2001
Price
$2,775,000
Price Per SF
$544.87
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.89 AC
Zoning
PD - Planned Unit Development
Parking
50 Spaces (9.79 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Property Taxes
| Parcel Number | 59-322-01-003 | Improvements Assessment | $165,850 |
| Land Assessment | $282,587 | Total Assessment | $448,437 |
Property Taxes
Parcel Number
59-322-01-003
Land Assessment
$282,587
Improvements Assessment
$165,850
Total Assessment
$448,437
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Youtopia | 12634 Indore Pl
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