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    6990 Colfax Ave Lakewood, CO 80214

    For Sale
    $350,000

    Prime Lakewood location, 15,800 sq ft, mixed-use zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 15,800 square-foot commercial land parcel presents a remarkable investment opportunity in the thriving Lakewood, Colorado market. Situated at 6990 W Colfax Ave, at the southeast corner of W Colfax Ave and Reed St, this vacant land boasts a highly desirable location with significant daily traffic. The property is zoned M-G-U (Mixed-Use, General, and Urban), offering considerable flexibility for development. Given the lot size and location, potential uses could include a small cafe or bar, a liquor store, a quick-service restaurant, a small apartment building, mixed-use retail space, or a small office building. The property's address is 6990 W Colfax Ave, Lakewood, CO 80214, in Jefferson County. This is a prime opportunity to capitalize on the growth and potential of this up-and-coming area of Colfax Avenue. The asking price for this exceptional property is $350,000. Broker co-op is available.

    Property Features for 6990 Colfax Ave

    General Information

    Property type
    Land

    HighLights

    • $350,000 asking price.
    • 15,800 square foot commercial land parcel.
    • Located at 6990 W Colfax Ave, Lakewood, CO 80214.
    • M‑G‑U zoning.
    • Broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.07416202049
    Latitude
    39.740392649444

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    FAQs

    What type of property is this?
    Land - Prime Lakewood location, 15,800 sq ft, mixed-use zoning.
    Where is this land located?
    The property is located at 6990 Colfax Ave Lakewood, CO.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; 15,800 square foot commercial land parcel.; Located at 6990 W Colfax Ave, Lakewood, CO 80214.
    (720) 232-4118
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    6990 Colfax Ave Lakewood, CO 80214
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    Lakewood, CO 80214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6990 Colfax Ave Lakewood, CO 80214
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