5530 Colfax AveLakewood, CO 80214
- Mixed-use properties
- 5,550 SF
Property Details for 5530 Colfax Ave
- Lot size
- 0.44 AC
- Property size (Sq ft)
- 5,550 SF
- Property type
- Mixed-use properties
- Property subtype
- Other retail 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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].