Current Use by Public Records
- Hospitality properties
Property Details for CO Colfax Ave
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a rare chance to acquire a well-established Aurora motel complex spanning 1.12 acres (48,827 sq ft) and comprising three separate parcels and buildings. The property includes three brick structures totaling over 10,898 sq ft. The main component is a 6-unit apartment building at 11710 E. Colfax Ave, boasting 3,036 sq ft and a 20,427 sq ft lot. This building also features a barbershop generating $1,250 in monthly rental income. A separate motel building at 11712 E. Colfax Ave occupies 6,651 sq ft on a 16,800 sq ft lot. Finally, an additional motel building at 11714 E. Colfax Ave adds 1,211 sq ft on an 11,600 sq ft lot. The current owner operates the business absentee, generating over $170,000 in annual income, demonstrating a stable and profitable operation. This property is ideally suited for redevelopment or investors seeking a strong return on investment in a prime Aurora, Colorado location. The sale is structured as a 1031 exchange, offering significant tax advantages for qualified buyers. This is a turnkey operation with significant upside potential. The property is located at 11710-11712-11717 E. Colfax Avenue, Aurora, CO 80010.
Value Estimations
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AI approach
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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
- -104.852
- Latitude
- 39.7399
