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2344 Colfax Ave Denver, CO 80206

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For Sale
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Denver storefront, 100% occupied, high cap rate.

Property size:
2,440 SF

Property Features for 2344 Colfax Ave

General Information

Property type
Retail space
Square Feet
2,440 SF

Building Details

Year Built/Renovated
1968/2013
Buildings
1
Stories
1
Units
2

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Listing Contact
Marc S. Lippitt
Marc S. Lippitt

Listing Agency: UNIQUE PROPERTIES LLC Listing Agent: Marc S. Lippitt

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 2,440 square foot, multi-tenant retail storefront located at 2344 E. Colfax Avenue in Denver, Colorado. The property, built in 1968 and renovated in 2013, sits on a 9,711 square foot lot and boasts 13 parking spaces. Currently 100% occupied by Subway and Phone Repair and More, this building offers a strong 6.31% cap rate with an asking price of $1,535,000 ($629.10/sq ft). The property features two units under a NNN lease structure. Subway is executing a new 10-year lease at closing, while Phone Repair and More's lease extends to May 2028. The building is situated on a prominent corner of East Colfax and Josephine Street, two major Denver thoroughfares. Its prime location offers convenient access to East High School, City Park, Cherry Creek, and Downtown Denver. The area has seen significant population growth (27.26% since 2010, projected 9.61% growth in the next 5 years), making this a compelling long-term investment. The C-MS-8 zoning permits up to eight stories, presenting future redevelopment potential. This is a truly hands-off investment opportunity with strong existing tenants and significant upside.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Phone Repair and More ... Computer & Electronic Repair Top Cash For Phones ... Mobile Phone Store Amazon Hub Counter ... Postal Service

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Denver
County
Denver
State
Colorado
Longitude
-104.95902059351
Latitude
39.739866072372

FAQs

What type of property is this?
Retail space - Denver storefront, 100% occupied, high cap rate.
Where is this retail space located?
The property is located at 2344 Colfax Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,535,000.
What are key features of this property?
This property features: Excellent long-term investment opportunity.; Prime location adjacent to East High School and Denver Community Center.; 8-story zoning allows for significant future redevelopment potential.
(303) 321-5888 Call to check price and availability
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