11891 Colfax AveLakewood, CO 80215
- Hospitality properties
Property Details for 11891 Colfax Ave
- Year built
- 1953
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Location Insight
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Latitude
- 39.7404
- Longitude
- -105.132
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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