16600 Colfax AveGolden, CO 80401

  • Commercial land
  • 8.58 AC
For Sale
$2,096,336 View listing

Property Details for 16600 Colfax Ave

Lot size
8.58 AC
Zone code
RB1
Property type
Commercial land
APN
1975-05-1-17-002
APU
197505117002

Description

This exceptional 95,288 square foot commercial land parcel is situated at 16600 W Colfax Ave, Golden, CO 80401, offering a remarkable investment opportunity in the thriving Denver West retail submarket. The property boasts unparalleled visibility from major thoroughfares: 6th Avenue (66,466 vehicles daily), I-70 (140,379 vehicles daily), and Colfax Avenue (27,378 vehicles daily), ensuring high traffic exposure for any development. The asking price is $2,096,336. This strategically located site is part of the established Interplaza West shopping center, anchored by prominent retailers such as Home Depot, CarMax, Kohl's, Jack in the Box, Independent Financial, and PetCo. A significant advantage is the inclusion of a completed 120-space parking lot and all necessary infrastructure, eliminating substantial upfront development costs. Jefferson County offers significantly lower taxes compared to nearby Colorado Mills Mall and Denver West Shopping Center, contributing to increased profitability for potential tenants. The property's location within the Denver West trade area guarantees a strong customer base. Furthermore, there's an option to acquire the adjacent Duluth Trading Co. site, presenting a compelling opportunity for expansion or synergistic development. This property is ready for immediate development and offers substantial potential for retail or hotel development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $138,850,000
    Retail / Commercial
    $72,304,600
    Mixed-Use / Specialty
    $72,916,000
    Hospitality / Lodging
    $54,627,700
    Office
    $73,388,100
    Institutional / Educational
    $76,113,900
    Residential Income
    $89,053,200
    Multifamily
    $101,987,000
    Automotive / Energy
    $65,240,500
    Parking / Income-Based Land
    $21,655,000
    Restaurant / Food Service
    $39,779,100
    Healthcare / Senior Housing
    $73,882,600

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.7391
Longitude
-104.794
CBSA code
19740
CBSA name
DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$26,209
-
-
$703,855
-
$2,522,779
-
$2,522,779

FAQs

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