2252 Larimer St 17,689 SF 100% Leased Retail Building Denver, CO 80205 $7,568,000 ($427.84/SF) 5.90% Cap Rate

2246 Larimer Street is a 7,096-square-foot, two-story retail property situated on a 0.22-acre parcel in the heart of Denver’s Ballpark District. Zoned C-MX-8, the property allows for up to eight stories of future development and sits just two blocks from Coors Field and adjacent to the original Snooze restaurant.
Originally built in 1970, the property has undergone comprehensive renovations over the past few years, with additional upgrades currently underway to create an event space in the rear of the building. The interior features an elegant, modern design with a full bar and open lounge area ideal for cocktails and small gatherings. A private courtyard offers a rare outdoor dining experience in an urban environment, complemented by secured, on-site parking—a valuable amenity in downtown Denver.
The property includes a commercial kitchen and is currently leased to a single tenant with four years remaining on a lease, providing near-term income stability.
2252 Larimer Street is a 10,593-square-foot, multi-tenant retail and multifamily property located in the heart of Denver’s vibrant Ballpark District, just two blocks from Coors Field. Originally built in 1919 and recently renovated with $1.6 million in upgrades, the property combines historic character with modern amenities and a strong tenant mix.
Anchoring the building is Snooze, the iconic Colorado-born breakfast restaurant that launched its first location here and has since expanded nationally. Snooze holds a ten-year lease with a corporate guarantee, providing stable, long-term income. In addition to traditional rent, the Snooze lease provides for 5% of Gross Sales over a "Breakpoint," that adjusts annually, providing additional upside for the Landlord. Additional tenants include a speakeasy-style wine bar, a ghost kitchen that supports local chefs and culinary startups, and three apartments located on the top floor.
The property benefits from rare, secured, on-site parking, C-MX-8 zoning (allowing up to eight stories), and a prime urban infill location surrounded by dining, nightlife, and residential growth. The multi-tenant configuration provides diversified income and positions the asset for both strong current cash flow and future redevelopment potential in one of downtown Denver’s most desirable neighborhoods.
Both of these properties offer a fully-occupied, cash-flowing asset in a prime location with a strong anchor tenant and long-term redevelopment potential.