9797 Colfax AveLakewood, CO 80215

Property Details for 9797 Colfax Ave

Property size (Sq ft)

10,790 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 10,790 square foot shopping center in Lakewood, Colorado presents a compelling value-add redevelopment opportunity. Currently operating as a multi-tenant retail property with 50% occupancy and a NNN lease structure, the property sits on a sizable 44,274 square foot lot. The M-6-S zoning (60' height) allows for significant expansion and mixed-use development, aligning perfectly with the current market demand for multifamily residential and retail space in this high-growth area of the Denver Metro region. The property boasts excellent visibility and access, situated in a prime West Denver location near amenities, employment centers, and recreational facilities. Existing income provides a stable foundation for redevelopment, while the expedited entitlement process streamlines the development timeline. This location offers a developer the chance to capitalize on the area's adaptive reuse trend and realize the full potential of this strategically located asset. The property's current cash flow, combined with the potential for substantial value appreciation through redevelopment, makes it an attractive investment. The property is located at 9797 W Colfax Ave, Lakewood, CO 80215.

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7403

Longitude

-105.108

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