56541 Colfax AveStrasburg, CO 80136

Property Details for 56541 Colfax Ave

Year built

1950

Lot size

0.34 AC

Property size (Sq ft)

6,667 SF

Property type

Retail properties

Property subtype

Retail space

APN

R0081958

APU

R0081958

Description

This exceptional investment opportunity presents a 6,667 square foot multi-tenant retail building situated on three parcels totaling approximately 0.94 acres. Located on East Colfax Avenue in the growing town of Strasburg, Colorado, this property boasts excellent visibility and frontage. Currently occupied by a diverse range of tenants including a real estate office, insurance agency, Mexican restaurant, coffee shop, dog groomer, and a boutique, this property offers immediate cash flow with existing leases in place. The property is zoned C-3, allowing for a variety of commercial uses. Parcel 3, comprising 0.49 acres, is currently vacant and presents an ideal opportunity for future development of a stand-alone building. The location offers convenient access to I-70 via Wagner Street, placing it just 25 minutes from Denver International Airport and 45 minutes from Downtown Denver. The property's proximity to the Strasburg Fire Department and the United States Postal Service further enhances its appeal. This is a rare chance to acquire a well-positioned, income-producing retail property in a thriving Colorado community. The asking price is $1,499,999. The property's address is 56541 E Colfax Ave, Strasburg, CO 80136.

• CAP approach

  CAP return

  Valuation

  6%

  $1,839,511

  6.5%

  $1,698,010

  7%

  $1,576,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,295,797

  Geo Method

  $1,388,085

• Alternative Use

  Use

  Valuation

  Residential

  $1,432,335

  Hospitality

  $1,312,011

  Educational

  $1,091,578

  Medical

  $1,129,119

  Retail

  $1,698,010

Location Insight

City

Strasburg

County

Adams

State

Colorado

Latitude

39.7387

Longitude

-104.326

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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