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