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Property summary
This exceptional 3,325 sq ft retail property, located at 4930 W Colfax Ave in Denver, CO, presents a compelling value-add investment opportunity. Currently operating as a 100% occupied bar and restaurant, the property boasts a strong NOI of $141,600, with a pro-forma NOI projected at $200,000, reflecting a potential cap rate of 8.51%. Built in 1931 and renovated in 2002, this single-story building sits on a sizable lot (approximately 1,850-1,950 sq ft) and is zoned U-MS-5, allowing for significant redevelopment potential. The asking price is $2,350,000, translating to $706.77 per square foot. This prime location in the popular Sloan's Lake area, along the historic "Old Golden Road," offers high visibility and access to a thriving community. The U-MS-5 zoning permits the construction of a five-story building with ground-floor retail, catering to the increasing demand for multi-story commercial developments and double drive-through restaurants in this rapidly gentrifying area. This property presents a unique chance to capitalize on the significant growth and investment opportunities within Denver's Opportunity Zone. The property's current lease is an Absolute NNN, single-tenancy arrangement. The APN is 39-322-00-003.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
U-MS-5 Main Street 5 SE CTION 5.2.2 RESIDENTIAL DISTRICTS (U-SU-A, -A2, -B, -B2, -C -C2, -E, -H, U-TU-B, -B2, -C, U-RH-2.5, -3A) 5.2.2.1 General Purpose A. The intent of the Residential districts is to promote and protec…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
U-MS-5 · Denver, COU-MS-5 Main Street 5 SE CTION 5.2.2 RESIDENTIAL DISTRICTS (U-SU-A, -A2, -B, -B2, -C -C2, -E, -H, U-TU-B, -B2, -C, U-RH-2.5, -3A) 5.2.2.1 General Purpose A. The intent of the Residential districts is to promote and protec…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
U-MS-5 Main Street 5 SE CTION 5.2.2 RESIDENTIAL DISTRICTS (U-SU-A, -A2, -B, -B2, -C -C2, -E, -H, U-TU-B, -B2, -C, U-RH-2.5, -3A) 5.2.2.1 General Purpose A. The intent of the Residential districts is to promote and protec…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for U-MS-5 in Denver, CO.
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