2344 Colfax Ave, Denver, CO 80206-1403
- Retail space
- 2,440 SF
- 0.22 lot acres
Current Use by Public Records
- Phone Repair and More Denver / Computer & Electronic Repair / Tech Support Center
- Top Cash For Phones & Computer Recycling / Mobile Phone Store / Electronics & Wireless Store
- Amazon Hub Counter - Phone Repair and More / Postal Service / Courier Service
Property Details for 2344 Colfax Ave
- Year built
- 1968
- Construction
- WOOD
- Lot size
- 0.22 lot acres
- Zone code
- C-MS-8
- Property type
- Retail space
- APN
- 05012-09-025-000
- APU
- 501209025000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2025 | $1,100,000 | 2344 E Colfax Ave LLC | Newcorp Group Lllp | Special Warranty Deed | $475k · Firstbank |
| Sep 6, 2022 | — | Newcorp Group LLC | — | Deed · related | $740k · First Western Trust Bank |
| Sep 2, 2022 | — | Newcorp Group Lllp | — | Deed · related | $350k · First Western Trust Bank |
| Aug 29, 2022 | — | Newcorp Group Lllp | — | Deed · related | $740k · First Western Trust Bank |
| Sep 18, 2020 | — | Newcorp Group Lllp | — | Deed · related | $762k · United Busn Bk |
| May 9, 2018 | — | Newcorp Group Lllp | — | Deed · related | $1.4M · First St Bk/colorado |
| May 1, 2018 | — | Newcorp Group Lllp | — | Deed · related | $376k · First St Bk/colorado |
| Apr 3, 2017 | — | Newcorp Group Lllp | — | Deed · related | — |
| Nov 1, 2013 | $1,300,000 | Newcorp Group Lllp | 2340 Ec LLC | Grant Deed | $1.3M · Academy Bank |
| Jun 18, 2013 | — | 2340 Ec LLC | Lumberyards Dev LLC | Grant Deed | $1.1M · Lawrence & Lawrence LLC |
| Nov 5, 2008 | — | Lumberyards Dev LLC | Cook,jon C | Grant Deed | $965k · First American State Bank |
| Jun 12, 2006 | — | East Colfax Associates LLC | East Colfax Associates LLP | Quit Claim Deed · related | — |
| Jun 12, 2006 | $600,000 | Jon C Cook | East Colfax Associates LLC | Warranty Deed | $600k · East Colfax Associates LLC |
| — | — | Newcorp Group Lllp | — | Deed Of Trust · related | $376k · First St Bk/colorado |
| — | — | Newcorp Group Lllp | — | Loan Modification · related | $762k · United Busn Bk |
| — | — | Newcorp Group Lllp | — | Loan Modification · related | $1.4M · First St Bk/colorado |
| — | — | Lumberyards Dev LLC | — | Deed Of Trust · related | $1.1M · First American State Bank |
| — | — | Newcorp Group Lllp | — | Loan Modification · related | — |
| — | — | Newcorp Group Lllp | — | Deed Of Trust · related | $465k · Shames-makovsky Mtg |
| — | — | Jon C Cook | — | Deed Of Trust · related | $610k · Lsm Investments LLC |
| — | — | Lumberyards Dev LLC | — | Deed Of Trust · related | $248k · North Valley Bank |
| — | — | Lumberyards Dev LLC | — | Deed Of Trust · related | $1M · Mile High Bank NA |
Description
This exceptional investment opportunity presents a 2,440 square foot, multi-tenant retail storefront located at 2344 E. Colfax Avenue in Denver, Colorado. The property, built in 1968 and renovated in 2013, sits on a 9,711 square foot lot and boasts 13 parking spaces. Currently 100% occupied by Subway and Phone Repair and More, this building offers a strong 6.31% cap rate with an asking price of $1,535,000 ($629.10/sq ft). The property features two units under a NNN lease structure. Subway is executing a new 10-year lease at closing, while Phone Repair and More's lease extends to May 2028. The building is situated on a prominent corner of East Colfax and Josephine Street, two major Denver thoroughfares. Its prime location offers convenient access to East High School, City Park, Cherry Creek, and Downtown Denver. The area has seen significant population growth (27.26% since 2010, projected 9.61% growth in the next 5 years), making this a compelling long-term investment. The C-MS-8 zoning permits up to eight stories, presenting future redevelopment potential. This is a truly hands-off investment opportunity with strong existing tenants and significant upside.
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Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.959
- Latitude
- 39.7398
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
