10101-10139 Colfax Ave Aurora, CO 80010
- Retail properties
- 13,500 SF
Current Use by Public Records
- Retail properties
Property Details for 10101-10139 Colfax Ave
- Year built
- 1953
- Property size
- 13,500 SF
- Property type
- Retail properties
Description
This exceptional multi-tenant retail property, located at 10101-10139 E Colfax Avenue in Aurora, Colorado, presents a compelling investment opportunity. The 13,500-square-foot building is comprised of five individual units, currently 86% leased below market rates, offering immediate and significant upside potential for rental income. The property boasts high visibility and excellent signage, ensuring strong tenant attraction. Ample parking is available, enhanced by recent redevelopment and fencing of the parking lot. The property is easily managed, as demonstrated by the current owner's self-management. Significant capital improvements exceeding $400,000 have recently been completed, notably a complete remodel of the Adult Day Care/Event Center located at 10101 E Colfax Avenue. This strategic investment in upgrades enhances the property's value and appeal to both current and prospective tenants. The property's location and features make it an ideal investment for those seeking a stable, high-growth retail portfolio addition. The below-market lease rates provide a clear path to increased profitability. This is a turnkey opportunity with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Adams
- State
- Colorado
- Longitude
- -104.87
- Latitude
- 39.7403
