11598 W Colfax Ave Lakewood, CO 80215
Retail, office, or redevelopment opportunity with income potential.
Building Details
- Year built
- 1951
Source:
Tcnworldwide
Listing Agency: Unique Properties LLC Listing Agent: Earl Duffy
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
High-Visibility Corner Property
Located at the intersection of W Colfax Ave and Simms St, the property at 11598 W Colfax Ave offers high visibility, monument signage, and parking. It is suitable for retail, office use, or redevelopment. The building includes three ground-floor units totaling approximately 2,000 square feet. The second floor features eight individual offices or rooms, providing flexible workspace or rental configurations. An unfinished basement of approximately 2,000 square feet offers potential for future development or storage. The property generated over $15,000 in rental income in 2022 prior to being removed from the market, demonstrating income potential with opportunities to increase revenue through renovations and improved occupancy. Situated in a high-traffic area with over 50,000 vehicles passing daily, the property is zoned MGU, allowing for multifamily development. Located along Denver’s westward expansion corridor and within an opportunity zone, Lakewood is experiencing investment, new residential developments, and infrastructure enhancements. Additional adjoining parcels may be available, offering flexibility for larger-scale development. Ownership is open to a long-term ground lease for a qualified tenant.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.1531086
- Latitude
- 39.7380536
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail, office, or redevelopment opportunity with income potential.
Where is this retail space located?
The property is located at 11598 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: - Prime hard corner location at W Colfax Ave and Simms St boasting exceptional visibility and high traffic (50,000+ vehicles daily).; - Zoned MGU, allowing for multifamily development, with potential for larger-scale development via adjoining parcels.; - Strong income potential demonstrated by $15,000+ rental income in 2022, with opportunities for increased revenue.
