5530-5536 W Colfax Ave - Auto Dealership FOR SALE


Lakewood, CO 80214
$1,650,000 USD
720-683-0399
5530-5536 W Colfax Ave, Lakewood, CO for Sale
$1,650,000 USD
Auto Dealership - FOR SALE
1/34
null | 6.71% Cap Rate

5530-5536 W Colfax Ave
Lakewood, CO 80214


HIGHLIGHTS

  • Gross Rent: $151.200k (current). NOI: $110,734k (6.71% CAP).
  • Qualified Opportunity Zone (QOZ) in growing Lakewood Market
  • 4 buildings (5,550sf) on 0.44acres
  • New Roof and Wiring in 2020
  • Monument Sign (Double-sided)
  • Ample On-Site Parking (72+ Cars)

OVERVIEW

Hoff & Leigh is excited to present this great investment opportunity with stable income in place in the growing Lakewood Market! This mixed-use property for sale is situated on 2 parcels at Colfax Ave & Depew with a dedicated turn lane, located just 5 minutes from Downtown Denver. This property is on a corner lot in a Qualified Opportunity Zone (QOZ), and is currently operating as an auto dealership with parking for 72+ cars. This property is 0.44 acres and includes 4 buildings totaling 5,550sf: 1. (5530) Mixed-use building has separate entrances for the 2 apartments upstairs (2br/1ba and 1br/1ba), and a 1st floor retail unit with a 1,200 SF retail area, kitchen, small bedroom, bathroom, storage room and closet, mechanic storage in back (yellow room). 2. (5536 Bldg 1) Mixed-use building also has retail on 1st floor (2 offices, 2 bathrooms, storage room area and spiral staircase to apartment upstairs). 3. (5536 Bldg 2 and Bldg 3) Auto-repair building insulated with 1 lift, large reception area, office, and bathroom/shower. 4. (5536 Bldg 4) Auto-repair dome insulated with bays for 2-3 cars. Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfax-avenue/ For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com Matterport Virtual Tours: Retail/2 apts building (5530): https://my.matterport.com/show/?m=6Bt1nx3YbYM . 1st floor office/retail (5536 Bldg 1): https://my.matterport.com/show/?m=ejhQobYniUx . Auto repair office (5536 Bldg 2): https://my.matterport.com/show/?m=K8nni4tdvQE . Auto repair shop (5536 Bldg 3): https://my.matterport.com/show/?m=u4spjftVVhB . Auto repair dome (5536 Bldg 4): https://my.matterport.com/show/?m=6zqtcCDw6za . 5530-5536 W Colfax HIGHLIGHTS: • $1,650,000. • Gross Rent: $151.5k (current). • NOI: $111,034k (6.73% CAP). • 5,550sf (4 buildings). • 0.44 acres (2 parcels). • New Roof and Wiring (2020). • Pylon sign (double-sided). • High visibility and Foot Traffic on Colfax Ave. • Ample on-site parking (72+ cars). • Qualified Opportunity Zone (QOZ). • Growing market in Lakewood. • Zoning M-G-U (Lakewood). • Built in 1943, 1975. Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfaxavenue/ For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

M-G-U

APN/PARCEL ID

49-011-04-014

ASK ABOUT THIS PROPERTY

Michael CrawfordHoff & Leigh DenverMore Info
720-683-0399

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Michael CrawfordHoff & Leigh DenverMore Info
720-683-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.