Liquor store owner sells RiNo building for 93 times his 1989 purchase price – BizWest
Ung Choi has cashed out. The owner of Joe’s Liquor Store in RiNo has sold the business and his two-story building at 2644 Larimer St. to Edens, the Washington D.C.-based real estate firm that’s been buying in the neighborhood since 2018. The deed for the sale lists the purchase price as $4 million, which is 93 times what Choi paid for the building three decades ago. The building is 3,420 square feet and sits on a 3,129-square-foot lot, according to property records. That makes the deal worth $1,169 a square foot based on the building, or $1,278 a square foot based on the land.