4600 Colfax AveDenver, CO 80204

Property Details for 4600 Colfax Ave

Year built

1953

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

7,744 SF

Zone code

U-MS-3

Property type

Retail properties

Property subtype

Retail space

APN

06062-02-002-000

APU

606202002000

Description

This exceptional 1,480-square-foot vacant storefront condo is ideally situated at 4600 W Colfax Ave in Denver, Colorado, zip code 80204. Located in the highly desirable Sloan's Lake neighborhood, this corner unit boasts unparalleled visibility on West Colfax Avenue, a major thoroughfare with over 36,000 cars passing daily. The property features prominent storefront glass, maximizing exposure to potential customers. Adding to its appeal is a desirable outdoor space complete with an open-air patio and pergola, perfect for expanding business operations or creating a unique customer experience. The unit is stubbed for utilities, simplifying the setup process for new tenants. This prime location benefits from significant recent development and ongoing growth in the West Colfax/Sloans Lake corridor, creating a strong retail node with several successful businesses driving high pedestrian traffic. The asking price is $425,000, and attractive owner financing options are available. Limited comparable corner retail storefronts with both indoor and outdoor patio space exist in this area, making this a rare opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,442,776

  6.5%

  $2,254,870

  7%

  $2,093,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,612,319

  Geo Method

  $1,612,319

• Alternative Use

  Use

  Valuation

  Residential

  $1,902,067

  Hospitality

  $1,742,284

  Educational

  $1,449,559

  Medical

  $1,499,412

  Retail

  $2,254,870

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7399

Longitude

-104.934

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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