Lower Downtown haunt sells to investor for $2.4 million

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1526 Blake
The Blake Street Vault restaurant and bar occupied the main floor of the building at 1526 Blake St.

A local investor became the owner of a historic Lower Downtown haunt for $2.4 million.

Dating to 1863, the Blake Street Vault building at 1526 Blake St. is one of the oldest buildings on Blake Street. Completed as a saloon and boarding house in 1863, it is said to be haunted by an old-time saloon girl.

American Costume Lofts LLC sold the building to 1526 Blake Street LLC. The two-story building comprises 6,250 square feet, plus a basement and 900-sf mezzanine.

Blake Street Vault, a bar and restaurant that occupied the 3,125-sf main level, closed in January, and NAI Shames Makovsky is marketing the space for lease to restaurant or office users. D’s Naturals LLC, doing business as No Cow, occupies the upper-floor office space.

Alex Ringsby
Alex Ringsby

“We had a lot of interest in the property, although the bar and restaurant business is going through an upheaval right now,” said Alex Ringsby of Ringsby Realty Corp., who listed the building for sale with Ringsby Realty’s Scott Patterson. With so many bar and restaurant openings occurring in Denver, “There’s just a lot of competition, but the underlying real estate is fantastic,” he said.

The building features historic brick, tin ceilings, a copper-topped bar and an original 1880s walk-in vault.

Darrin Revious
Darrin Revious

“We’re getting activity on it for lease,” said Darrin Revious of NAI Shames Makovsky. Most of the activity is coming from restaurant users, he said.

Revious, along with NAI Shames Makovsky brokers Ana Sandomire and Kiley Crews, represented the buyer. They also are the leasing brokers.

Featured in CREJ’s March 21-April 3, 2018, issue

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