8400 Colfax Ave Denver, CO 80220
- Garden apartment buildings
- 8,421 SF
- 0.42 lot acres
Current Use by Public Records
- American Samaritan / Non-Profit Organization / Furniture Store
- Armchair Samaritan / Non-Profit Organization / Furniture Store
Property Details for 8400 Colfax Ave
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 0.42 lot acres
- Property size
- 8,421 SF
- Zone code
- E-MS-3
- Property type
- Garden apartment buildings
- APN
- 06041-05-003-000
- APU
- 604105003000
Description
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.
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
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.89
- Latitude
- 39.7398
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
