For Sale
$1,950,000

11891 Colfax AveLakewood, CO 80215

26-key motel, 0.8-acre lot, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 26-unit motel ideally situated at the northeast corner of West Colfax Avenue and Simms Street in Lakewood, Colorado. The property boasts a substantial 0.8-acre lot (35,022 square feet), providing ample parking for guests. Built in 1953, the motel offers significant potential for renovation and increased profitability. The property includes an oversized manager's living quarters, adding to its appeal for owner-operators. Currently operating as an independent motel, this property is being offered as a 1031 exchange opportunity, making it an attractive option for investors seeking tax advantages. The zoning designation is M-G-S (Mixed Use-General-Suburban), suggesting potential for future expansion or development. The asking price is $1,950,000. This established motel presents a rare chance to acquire a well-located property in a growing area with considerable upside potential. The property's size and location make it a strong contender for various hospitality-related ventures. Serious inquiries are encouraged.

Highlights

  • $1,950,000 asking price.
  • Lakewood, CO hospitality property.
  • 26-key motel with owner/user investment opportunity.
  • Built in 1953.
  • 0.8-acre lot (35,022 sq ft) with ample parking.
  • 1031 exchange eligible.

Property Details for 11891 Colfax Ave

Property type
Hospitality properties, Motels
Year Built
1953

Location Insight

City
Lakewood
County
Jefferson
State
Colorado
Latitude
39.7404001
Longitude
-105.1315763
11891 Colfax Ave, Lakewood, Colorado

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11891 Colfax Ave
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