11598 W Colfax Ave - Freestanding FOR SALE


Lakewood, CO 80215- Daniels
$1,175,000 USD
303-521-3648
11598 W Colfax Ave, Lakewood, CO for Sale
$1,175,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

11598 W Colfax Ave
Lakewood, CO 80215
Daniels


HIGHLIGHTS

  • Prime Hard Corner Location at W Colfax Ave. & Simms St.
  • Zoned for Multi-Family Development
  • Potential for Expansion - Additional contiguous lots may be available
  • Ample On Site Parking - Supports a variety of development or tenant needs
  • High Visibility Monument Signage - Excellent Exposure for Branding and Leasing
  • Strong Income Potential - Ideal for Investors or Owner/Users seeking high yield leases

OVERVIEW

Situated at the prominent intersection of W Colfax Ave and Simms St, 11598 W Colfax boasts exceptional visibility, monument signage, and abundant parking—making it an ideal location for retail, office use, or future redevelopment opportunities. The building features three separate ground-floor units totaling approximately 2,000 square feet. The second floor includes eight individual offices or rooms, offering flexible workspace or rental configurations. Additionally, the property includes an unfinished basement of approximately 2,000 square feet, providing potential for future development or storage use. The property generated over $15,000 in rental income in 2022 prior to removing from the market, demonstrating solid income potential with opportunities to further increase revenue through renovations and improved occupancy. Located in a high-traffic area with over 50,000 vehicles passing daily, the property is zoned MGU, allowing for multifamily development. Strategically positioned along Denver’s key westward expansion corridor as well as within an opportunity zone, Lakewood is experiencing substantial investment, new residential developments within blocks, and infrastructure enhancements. Additional adjoining parcels may be available, offering flexibility for larger-scale development. Ownership is also open to a long-term ground lease for a qualified tenant.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

MGU

APN/PARCEL ID

49-042-00-007

ASK ABOUT THIS PROPERTY

Greg KnottUnique Properties, Inc.More Info
303-521-3648

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Greg KnottUnique Properties, Inc.More Info
303-521-3648

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.