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698 Santa Fe Dr 4,533 SF Retail Building Denver, CO 80204 For Sale
Investment Highlights
- Freestanding restaurant at a high-visibility corner intersection on Santa Fe Drive and East 7th Avenue
- Expanded and fully remodeled in 2019 with all new restaurant infrastructure (NOT currently operating as a restaurant)
- Basement provides storage and staff break area
- 4,533 SF building with 1,011 SF pergola-covered patio featuring three garage doors
- Hood ventilation tie-ins, grease trap, walk-in coolers, and draft lines in place
- Construction documents, equipment plans, and a virtual tour are available
Executive Summary
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 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.
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 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.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,533 SF
Building Class
C
Year Built/Renovated
1891/2019
Tenancy
Single
Building Height
2 Stories
Building FAR
0.87
Lot Size
0.12 AC
Zoning
C-MS-5
Frontage
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
- Smoke Detector
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5036-30-001 | Total Assessment | $391,420 |
| Land Assessment | $240,980 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $240,980 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
5036-30-001
Land Assessment
$240,980
Improvements Assessment
$240,980
Total Assessment
$391,420
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
698 Santa Fe Dr