4930 Colfax Ave Denver, CO 80204-1013

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.