9500 Colfax Ave Lakewood, CO 80215

This 1,395 square foot retail property, located at 9500 W Colfax Ave in Lakewood, Colorado, is offered at $850,000. Situated on a 0.571-acre lot, the building was constructed in 1941 and features a single story. Previously operating as a bar and restaurant, the property is zoned G-M-U, allowing for diverse redevelopment options. The zoning permits multi-family construction up to 90 feet with minimal setbacks, presenting significant potential for future development. While the existing structure is configured as a bar, the liquor license is not currently active. The property's location on West Colfax Avenue offers excellent visibility and accessibility. The land value is assessed at $45 per square foot. The asking price translates to $609.32 per square foot. The seller is open to carrying a note for the buyer, offering a flexible financing option. This property presents a unique opportunity for investors seeking a redevelopment project or a ready-to-repurpose commercial space in a high-traffic area. The property's versatility makes it suitable for a variety of uses, including a tavern, fast food establishment, or other retail ventures.