1331 Colfax Ave Denver, CO 80218
- Retail space
- 8,800 SF
- 0.29 lot acres
Current Use by Public Records
- Million smoke N vape II / Smoke Shop
- Puffs & Stuff / Tobacco Shop
- City Records Comics & Toys / Record Store / Comic Book Store
- Adam & Eve Stores / Lingerie Store
Property Details for 1331 Colfax Ave
- Year built
- 1983
- Construction
- WOOD
- Lot size
- 0.29 lot acres
- Property size
- 8,800 SF
- Zone code
- C-MS-5
- Property type
- Retail space
- APN
- 02354-29-009-000
- APU
- 235429009000
Description
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.
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
- -104.97
- Latitude
- 39.7403
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
