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Property profile & analytics
FOR SALE
Banks

606 W Colfax Ave Denver, CO 80204

0.31 ac lot Built 1983
Entity Owned Free & Clear
Property ID
US13-1351846
Property summary
AI-generated overview

This exceptional 13,485 square foot commercial land parcel, located at 606 W Colfax Avenue in Denver, Colorado's vibrant Golden Triangle neighborhood, presents a compelling redevelopment opportunity. Currently zoned D-GT, this site allows for a diverse range of development options, including a mixed-use structure up to 66 feet tall, subject to the State Capitol view plane. The property boasts a highly desirable location, situated near Denver's central business district, with easy access to numerous hotels, restaurants, retail establishments, and government facilities. The high daily traffic count on West Colfax Avenue (38,761 cars per day) provides exceptional visibility and accessibility. The existing 1,226 square foot, single-story building, formerly occupied by a bank, features two drive-thru bays and could be repurposed or demolished to accommodate a new development. This site is ideal for a high-density mixed-use project or a drive-thru retail establishment. The seller is open to considering build-to-suit options for retail redevelopment. The asking price for this remarkable property is $2,200,000. The property was built in 1981 and sits on a 13,485 square foot lot in the 80204 zip code. The seller may consider owner financing. This is a rare chance to acquire a prime piece of real estate in a rapidly growing area of Denver.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1983
Construction WOOD
Lot 0.31 ac (13,485 SF)
Zoning code GTR
APN 05034-03-037-000
UPID US13-1351846
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bank of Denver Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
FOX STREET INC
FOX STREET INC
Zoning & alternative use
GTR · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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