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    1331 Colfax Ave Denver, CO 80218

    Sponsored
    For Sale
    $2,400,000

    Denver Storefront, High Occupancy

    Property size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional freestanding retail property at 1331 E Colfax Ave, Denver, CO 80218, presents a compelling investment opportunity. The 8,800 square foot building, constructed in 1983, boasts a 4,085 square foot net rentable area, currently operating at 100% occupancy across three units. The property features a recently renovated façade, new glass storefronts, a newly paved parking lot, and updated landscaping, enhancing its curb appeal and functionality. Situated on a 12,500 square foot lot, zoned C-MS-5, it benefits from high visibility and ample on-site parking, crucial for attracting customers. Each suite includes private restrooms, adding to tenant convenience. The building's prime location along E Colfax Avenue ensures strong traffic counts, while its proximity to desirable Denver neighborhoods like City Park West, Uptown, Cheesman Park, and Capitol Hill provides access to a robust customer base. The property offers a 6.79% cap rate and is listed at $2,400,000. The basement space presents potential for future development and increased revenue with additional capital investment. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a thriving Denver location.

    Property Features for 1331 Colfax Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,800 SF
    Class
    B

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • High‑visibility retail space with E. Colfax Avenue signage.
    • Ample on‑site parking available.
    • Each suite includes private restrooms.
    • Recently renovated with updated façade, storefront, parking lot, and landscaping.
    • Excellent location near City Park West, Uptown, Cheesman Park, and Capitol Hill neighborhoods.
    • Basement space offers potential for future income with capital improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Million smoke N ... Smoke Shop Puffs & Stuff Tobacco Shop City Records Comics ... Record Store Adam & Eve Stores Lingerie Store

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -104.9700569
    Latitude
    39.7403625

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    FAQs

    What type of property is this?
    Individual retail property - Denver Storefront, High Occupancy
    Where is this individual retail property located?
    The property is located at 1331 Colfax Ave Denver, CO.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: High-visibility retail space with E. Colfax Avenue signage.; Ample on-site parking available.; Each suite includes private restrooms.
    Request Owner's contact information
    1331 Colfax Ave Denver, CO 80218
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    Denver, CO 80218
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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
    1331 Colfax Ave Denver, CO 80218
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