5530 Colfax AveLakewood, CO 80214

Property Details for 5530 Colfax Ave

Lot size

0.44 AC

Property size (Sq ft)

5,550 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use investment property, located at 5530-5536 W Colfax Ave in Lakewood, Colorado, presents a compelling opportunity. The 0.44-acre site, encompassing two parcels, boasts 5,550 square feet of net rentable space distributed across four buildings. The property includes four units: two residential apartments (a 2-bedroom/1-bathroom and a 1-bedroom/1-bathroom), and two retail/commercial spaces currently operating as an auto shop. The auto shop component features a lift, ample bays, and a sizable reception area. The property benefits from a prime location on Colfax Avenue, offering high visibility and significant foot traffic. Ample on-site parking accommodates 72+ vehicles. Built in 1943 and 1975, with significant renovations completed in 2020 (including a new roof and wiring), the property is in excellent condition. The property enjoys a 100% occupancy rate, generating a substantial net operating income (NOI) of $105,598, representing a 6.40% capitalization rate. The asking price is $1,650,000, translating to $297.30 per square foot. The property is zoned M-G-U and is situated within a Qualified Opportunity Zone (QOZ), offering potential tax advantages. This stabilized investment property offers a strong return on investment in a thriving Lakewood market. The property features a double-sided pylon sign for enhanced visibility.

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7402

Longitude

-105.058

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