606 W Colfax Ave 0.31 Acres of Commercial Land Offered at $2,630,702 CAD in Denver, CO 80204
INVESTMENT HIGHLIGHTS
- Grandfathered drive-thru
- Directly across from Convention Center
- Flexible site that can be utilized for a high density mixed-use development or repurposed as drive thru retail
- Highly permissive D-GT Zoning
- Surrounded by high-density developments, local and state government office buildings
- Owner willing to consider Build-to-Suit for retail reposition/redevelopment
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $2,630,702 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.31 AC |
| Zoning | D-GT |
1 LOT AVAILABLE
Lot
| Price | $2,630,702 CAD |
| Price Per AC | $8,497,840.67 CAD |
| Lot Size | 0.31 AC |
The land, (13,500 SF), is located on the edge of downtown Denver in the booming Golden Triangle submarket. Highly permissive D-GT zoning. Flexible site that can be used for Mixed Use development or repurposed as drive-thru retail.
DESCRIPTION
The Property is located on the edge of Downtown Denver in the booming Golden Triangle submarket. This area, just south of Denver’s CBD, is experiencing a wave of high density, mixed-use redevelopment. The site is located within easy walking distance to nearly 10,000 hotel rooms, 300 restaurants, a wide variety of retailers, government facilities and downtown offices. The Property zoning (D-GT) allows for a drive thru or up to a 66’ tall mixed-use structure which is limited only by the State Capitol view plane. The site benefits from very high daily traffic counts along West Colfax Avenue, offering a Buyer many options for redevelopment. The existing structure was last occupied by The Bank of Denver, and consists of 1,226 SF of office space with two (2) drive-thru banking bays.
