Lechuga's Sold For $2,500,000 -- Down From Original Asking Price of $3 Million

Lechuga's Sold For $2,500,000 -- Down From Original Asking Price of $3 Million

When Lechuga's went on the market last year, the circa 1966 building -- which got its start as Carbone's Bakery, then became Lechuga's in 1990 -- and lot were listed for a hefty $3 million. But then, the property at 3601 Tejon Street is in the heart of hot, hot LoHi -- and came with a big parking lot. See also: Lechuga's Is for Sale for $3 Million -- There Goes the Neighborhood

The April 2013 flier advertising that Lechuga's was for sale.
The April 2013 flier advertising that Lechuga's was for sale.

But the actual sale price was considerably lower than $3 million: According to court filings cited in the Denver Business Journal this week, Lechugas Inc. was sold to G.C. Gallegos LLC last month for $1,300,000. But that doesn't tell the whole story, says Juanita Chacon, who handled the sale. When the business itself was added into the transaction the total came to $2.5 million.

And in an area where old buildings and businesses are disappearing every day, the new owners brought something priceless to the deal: They plan to not only keep the restaurant open, but improve it.


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Lechuga's Italian Restaurant & Lounge

3609 Tejon St.
Denver, CO 80203

303-455-1502

lechugasitalian.com


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