8800 Colfax AveDenver, CO 80220

Property Details for 8800 Colfax Ave

Year built

1976

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

1,785 SF

Zone code

E-MS-5

Property type

Retail space

APN

06041-01-001-000

APU

604101001000

Description

This vacant, 1,785 square foot retail building presents a compelling redevelopment opportunity. Situated on a 0.4-acre lot at the corner of Colfax Avenue and Yosemite in Denver, Colorado, 80220, this property offers excellent visibility and accessibility. Built in 1976, the building is zoned E-MS-5, allowing for diverse development options. The location benefits from high traffic counts on a major Denver corridor, proximity to Central Park and Lowry neighborhoods, and adjacency to Fitzsimmons Medical Campus and the VA Hospital. The property includes fenced parking/yard space and offers the possibility of a drive-thru. This is an exceptional investment opportunity, further enhanced by its location within both an Opportunity Zone and an Enterprise Zone, providing significant tax incentives for developers and investors. The asking price is $895,000, translating to $501.40 per square foot. This prime location and flexible zoning make this an ideal site for a variety of commercial uses, including QSR/fast food and storefront retail.

• CAP approach

  CAP return

  Valuation

  6%

  $492,504

  6.5%

  $454,620

  7%

  $422,147

• Comparable approach

  Method

  Valuation

  Relative Method

  $882,406

  Geo Method

  $371,641

• Alternative Use

  Use

  Valuation

  Residential

  $383,489

  Hospitality

  $351,274

  Educational

  $292,255

  Medical

  $302,307

  Retail

  $454,620

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.7398

Longitude

-104.885

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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