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    8400 Colfax Ave Denver, CO 80220

    Sponsored
    For Sale
    $2,780,000

    25-unit motel, fully renovated, high potential.

    Property size:
    8,421 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully renovated, 25-unit multifamily property situated on a highly visible corner lot at 8400 E Colfax Avenue in Denver, Colorado. The property, built in 1953 and extensively renovated in 2021, boasts 8,421 square feet on an 18,300 square foot lot. Currently operating as artist housing, this property offers significant flexibility. Its E-MS-3 zoning allows for continued operation as multifamily housing, conversion back to its original use as a motel, or redevelopment into a new project. The property's prime location on a corner lot provides excellent visibility and accessibility. With 25 units and a price per square foot of $330.13, this represents a compelling investment opportunity in a dynamic Denver location. The asking price is $2,780,000. The property's local ownership and single-building, two-story structure contribute to its streamlined management. This unique property presents a rare chance to capitalize on a thriving Denver market with diverse development possibilities. The property's APN is 06041-05-003-000. Further details are available upon request.

    Property Features for 8400 Colfax Ave

    General Information

    Property type
    Motels
    Square Feet
    8,421 SF

    Building Details

    Year Built/Renovated
    1953/2021
    Buildings
    1
    Stories
    2

    HighLights

    • 25‑unit multifamily property (currently artist housing)
    • Corner lot location in Denver, CO
    • E‑MS‑3 zoning allows for multifamily, motel conversion, or redevelopment
    • Fully renovated in 2021
    • Significant redevelopment potential
    • Convertible back to motel use
    Property Profile Location Intelligence

    Current Use by Public Records

    American Samaritan Non-Profit Organization Armchair Samaritan Non-Profit Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Denver
    State
    Colorado
    Longitude
    -104.8901041
    Latitude
    39.7397906

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    FAQs

    What type of property is this?
    Motel - 25-unit motel, fully renovated, high potential.
    Where is this motel located?
    The property is located at 8400 Colfax Ave Denver, CO.
    What is the asking price?
    The asking price for this property is $2,780,000.
    What are key features of this property?
    This property features: 25-unit multifamily property (currently artist housing); Corner lot location in Denver, CO; E-MS-3 zoning allows for multifamily, motel conversion, or redevelopment
    Request Owner's contact information
    8400 Colfax Ave Denver, CO 80220
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    Denver, CO 80220
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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
    8400 Colfax Ave Denver, CO 80220
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