Hoff & Leigh proudly presents an opportunity to purchase a 14-unit motel on busy East Colfax. Step into the character and convenience of 8828 E Colfax Avenue in Denver’s East Colfax neighborhood. This opportunity has serious history as part of Colfax Main Street, and it’s a prime spot with easy access to downtown and major roads. The La Rue Motel has endless potential along with many recent upgrades. There is also a billboard on premise, creating additional income. 5 units have kitchenettes, there are manager quarters for an on-site manager, and there have been heavy renovations to the entire property including a new electrical service. Call us today to schedule a private tour and see this opportunity for yourself. Designated for the Colorado Opportunity Zone Program: https://oedit.colorado.gov/coloradoopportunity-zone-program *Cap Rate – 14.66% *2024 Expected NOI - $148,837.57 *Billboard Income - $3,300 / Year *2023 Property Taxes - $3,331.90