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Multi-Tenant Asset on Colfax Avenue
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8525-8545 W Colfax Ave, Lakewood, CO 80215

Two-story commercial property with high visibility and diverse tenant mix.

Property Size20,787 SF
Lot Size0.84 Acres
Price / SF$133.98
Days on Market108

Property Features for 8525-8545 W Colfax Ave

General Information

Standard status Active
Size 20,787 SF
Lot size 0.84 Acres
Property subtype Retail, Office
Zoning M-G-S
Investment Type Value Add
Net Operating Income $215,216

Building Details

Year Built 1958
Year Renovated 2017
Stories 2
Units 3
Tenancy Multi
Listing Agency: Engel & Völkers Denver
Listed By: Kayla Mahoney, CCIM. · License #FA100090688
Source: Crexi
Added: May 11 Changed: Aug 22 Last Checked: Aug 25 at 9:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Völkers Denver

Investment Insights

Based on property information with market context.

This two-story, multi-tenant commercial property offers 20,787 square feet of space along West Colfax Avenue. Configured with small-bay suites, it caters to service-oriented businesses and neighborhood retail demand. The diverse tenant mix includes beauty, wellness, auto, insurance, and professional services, driving consistent daily traffic and repeat local clientele. The property benefits from high visibility along a corridor with traffic counts exceeding 26,000 vehicles per day, providing strong exposure and accessibility. The stabilized multi-tenant layout reduces reliance on any single tenant, supporting diversified and resilient income streams. A value-add opportunity exists through lease-up, rent increases, and tenant mix optimization, with the current configuration allowing for improved positioning and stronger in-place economics. The 0.84-acre site includes 90 surface parking spaces, a ratio of 3.44 per 1,000 square feet, well-suited for high-turnover service retail and customer-facing uses. Originally constructed in 1958 and renovated in 2017, the property offers a balance of functional improvements and operational stability. Located within the West Denver submarket, an area experiencing continued demand for affordable small-suite commercial space with limited new supply, the property also offers walkable access to nearby transit options including Garrison and Lakewood/Wadsworth stations, enhancing accessibility for employees and customers.

Key Highlights

  • High‑visibility location on W Colfax Ave with over 26,000 vehicles per day
  • Stabilized multi‑tenant layout provides diversified and resilient income streams
  • Value‑add opportunity through lease‑up, rent increases, and tenant mix optimization

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Pharmacy Storage Facility Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,575
Businesses Nearby

Demographics for 80215, CO

19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Two-story commercial property with high visibility and diverse tenant mix.
Where is this retail space located?
The property is located at 8525-8545 W Colfax Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: High‑visibility location on W Colfax Ave with over 26,000 vehicles per day; Stabilized multi‑tenant layout provides diversified and resilient income streams; Value‑add opportunity through lease‑up, rent increases, and tenant mix optimization
(303) 951-3724 Call to check price and availability
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