Property Type: Retail Size: 5000 s.f.
A unique situation for an appraiser is to appraise the same property multiple times. Decker Associates has recently completed a 5th valuation on a Lower Downtown Denver restaurant.
Located in the heart of LoDo, this restaurant also serves as a nightclub. The owner has made extensive tenant improvements 3 times over the course of 7 years. They have included complete overhauls of the kitchen, redoing the seating area, blowing out the interior and adding a roof top patio.
Each time the owner has wanted to make modifications to the property, he has needed to a new loan to finance the changes. The bank has contracted us to provide valuations on the restaurant/nightclub each time, in order to update the value of the property.