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28290145
28290165

2252 Larimer St, Denver, CO 80205 For Sale

DR
CO FA.100104966
NORTHPEAK Commercial Advisors
ML
CO FA.100022835
NORTHPEAK Commercial Advisors
KC
CO 100022816
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$7,058,172
246 days on market
Updated 15 days ago

2252 Larimer Street

Details
Property Type Retail
Sub Type Bar, Restaurant
Net Rentable (SqFt) 17,689
Cap Rate 6.27%
NOI $442,198
Tenancy Multi
Lease Type NNN
Broker Co-Op Yes
Year Built 1919
Year Renovated 2019+
Buildings 2
Stories 2
Lot Size (SqFt) 18,758
Zoning C-MX-8
Investment Type Stabilized

Retail | 6.27% CAP

Marketing description

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 each year, providing additional potential 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.

Listing Contacts

DR
CO FA.100104966
NORTHPEAK Commercial Advisors
ML
CO FA.100022835
NORTHPEAK Commercial Advisors
KC
CO 100022816
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$442,198.00
$36,849.83/mo

Valuation Metrics

0
DSCR
6.27%
Cap Rate
6.27%
ROI

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Additional Information

Name
David Ray
License
FA.100104966
Brokerage
NorthPeak Commercial Advisors, LLC
Title
Real Estate Broker
Brokerage Address
1720 South Bellaire Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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