Sloans Lake Shops 3519 W Colfax Ave 3,409 SF 100% Leased Retail Building Denver, CO 80204 $1,654,815 CAD ($485.43 CAD/SF)
INVESTMENT HIGHLIGHTS
- Value-add opportunity for a 1031 exchange investor, owner-user, retail investor, or developer. Seller financing available.
- Covered outdoor patio could be great for cafe, coffee shop, or restaurant.
- The spaces are in shell condition, ready for a tenant to customize the right finish for their business.
- West Colfax exposure with on-site surface parking lot (14 spaces).
- Can be configured for either single-tenant or multi-tenant use.
- U-MS-5 Zoning allows for development up to 5 stories.
EXECUTIVE SUMMARY
PRICE REDUCED! Well-located value-add retail opportunity with on-site parking, alley access, and covered outdoor patio. Location is within walking distance to Sloans Lake and minutes from Downtown Denver and other highly desirable areas including Highlands, LoHi, and Sunnyside. Frontage along West Colfax Avenue with excellent visibility. Building is 3,409 sf and includes a covered patio on the east side of the building, and a 14-space surface parking lot. Zoning is U-MS-5 allowing for many options including developing up to 5 stories high. Flexible layout with two (2) common area unisex restrooms. Can easily accomodate 1-3 tenants. Call the broker to arrange for a showing. Seller financing available. Price reduced to $1,150,000, this value-add opportunity is perfect for 1031 exchange investors, owner-users, or developers seeking to maximize the zoning for this site which allows mixed-use, residential, and commercial development up to 5 stories.
Seller Disclosure: A manager of the Seller is a licensed real estate broker. A manager of the Seller is a licensed Colorado attorney.
Seller Disclosure: A manager of the Seller is a licensed real estate broker. A manager of the Seller is a licensed Colorado attorney.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,409 SF
Building Class
B
Year Built/Renovated
1997/2022
Price
$1,654,815 CAD
Price Per SF
$485.43 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
U-MS-5 - Urban Main Street 5-stories. Permitted mixed-uses including Apartments, condos, townhomes, Commercial/Retail, Shops, restaurants, cafes, and offices.
Parking
14 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
76’ on Colfax Ave
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Walk Score®
Very Walkable (77)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2323-31-029 | Total Assessment | $510,942 CAD |
| Land Assessment | $405,339 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $105,603 CAD | Tax Year | 2023 |
