Lechuga's is for sale for $3 million -- there goes the neighborhood!

Categories: The Dish

lechuga's outside.jpg
A river of red sauce used to run through northwest Denver, where many first-generation Italian Americans settled and opened their own restaurants -- which were later taken over by second- and third-generation Italian Americans. But those red-sauce joints have been disappearing; Pagliacci's, Longo's Subway Tavern and Carbone's Italian Sausage Deli all closed within the past year. In some cases, developers gave the owners an offer too good to refuse; in others, the next generation didn't want to keep in the business.

Now comes word that Lechuga's Italian Restaurant and Lounge is for sale -- for a cool $3 million.

See also:

- Lechuga's in northwest Denver is famous for its canolis
- Photos: Last supper at Pagliacci's
- Longo's Subway Tavern reaches the end of the line

Lechuga's got its start in the '60s as Carbone's Bakery, and was transformed into Lechuga's in 1990. The price includes both the building, a parking lot and the business -- but we don't know if the recipes for the Lechuga's canolis and Little Devils come with.

Here's the for-sale announcement:

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Location Info

Lechuga's Italian Restaurant & Lounge

3609 Tejon St., Denver, CO

Category: Restaurant

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9 comments
Cecil
Cecil

Gahhhhh nooooo not Lechuga's! YOU ARE A BASTARD, WORLD

DanWinter
DanWinter

This property has been for sale forever, just never formally with a residential broker.  And they have always wanted far more than it's worth. 


Dave, for once i agree with you.  It's definitely a scrape.  The cost to renovate that building would be near or more than the cost to replace it.  Only someone coming in to run a similar business would be able to use it in the current condition, but that type of business would never be able to crack the payment nut on a $3mm acquisition.  Nor would that kind of tenant have the credit necessary to get a loan in such a high amount....nor would the building appraise for that much.  Stupid. 


But hey, at least for a little while longer you can get some killer stuffed meat cannoli's.



Noooooo
Noooooo

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

davebarnes
davebarnes topcommenter

It is a scraper. No one gives a crap about the new roof.
$1.2M would be my guess.
Look at what 35 Tejon LLC paid for their property. http://www.meridian105.com/projecttejon.html $865K for 16000 sqft.

If Rachael Vigil throws in 3627 Tejon, then another $300K more (if the zoning can be changed from UTU to MX3).

The actual address is 3609. Not 01.

I am not sure they are serious. Juanita Chacon is NOT a commercial agent, but a residential agent. There is a world of difference.

Denver Dave
Denver Dave topcommenter

The "gentrification" of this neighborhood is making me very sad.  We are really losing so many iconic Denver businesses.  NW Denver without Lechuga's cannolis and little devils - it really is a crime.

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