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Coronas Mexican Restaurant 7617 W 88th Ave 9,300 SF Retail Building Westminster, CO 80005 $2,975,000 ($319.89/SF)
Investment Highlights
- Amazing hard-corner visibility on the SWC of 90th and Wadsworth at a fully signalized intersection.
- Major developments in the area including the 105 acre Westminster Mall redevelopment into Downtown Westminster.
- Easy access to Highway 36 as well as Wadsworth, 92nd Ave, and 88th Ave.
Executive Summary
PRICE REDUCTION! $3,350,000 to $2,975,000 The subject property is a 9,314 SF fully renovated turn-key restaurant building located at the busy intersection of 90th & Wadsworth Boulevard. The building was completely gutted and renovated in 2015 with more than $1,000,000 invested in new electrical, plumbing, HVAC, finishes and restaurant infrastructure including dining rooms, bar, kitchen, coolers, all FF&E and restrooms. The current owner has initiated plans and construction for a 3,000 SF rooftop patio including, architectural drawings, installed utilities to the roof and completed foundation and building support for the patio.
The building was completely gutted and renovated in 2015 with more than $1,000,000 invested in new electrical, plumbing, HVAC, roof, finishes and restaurant infrastructure including dining rooms, bar, kitchen, coolers, all FF&E and restrooms. The interior of the space is tastefully decorated with art, custom lighting, upgraded flooring & paint scheme and features a Control4 audio, visual, climate control, and security system. This fully renovated restaurant is truly a turnkey
opportunity for restaurant user-owners.
The building was completely gutted and renovated in 2015 with more than $1,000,000 invested in new electrical, plumbing, HVAC, roof, finishes and restaurant infrastructure including dining rooms, bar, kitchen, coolers, all FF&E and restrooms. The interior of the space is tastefully decorated with art, custom lighting, upgraded flooring & paint scheme and features a Control4 audio, visual, climate control, and security system. This fully renovated restaurant is truly a turnkey
opportunity for restaurant user-owners.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,300 SF
Building Class
C
Year Built
1984
Price
$2,975,000
Price Per SF
$319.89
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.36 AC
Parking
35 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-233-11-230 | Improvements Assessment | $233,610 |
| Land Assessment | $388,420 | Total Assessment | $622,030 |
Property Taxes
Parcel Number
29-233-11-230
Land Assessment
$388,420
Improvements Assessment
$233,610
Total Assessment
$622,030
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Coronas Mexican Restaurant | 7617 W 88th Ave
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