39.740616 -105.07285
6851 W Colfax Avenue Lakewood CO 80214 278706628 39.740616 -105.07285 60105 /listing/278706628-151082055/6851-w-colfax-avenue-lakewood-co-80214 False 0 1999999.0 18200 101 606 3300732 False 1945 0.62 0.62

6851 W Colfax Avenue

Lakewood, CO 80214 MLS# 3300732

Pending 08/24/20 05/03/21

278706628 False False 39.740616 -105.07285 60105 /listing/278706628-151082055/6851-w-colfax-avenue-lakewood-co-80214 False 0 1999999.0 18200 101 3300732 False 53004646 0
$1,999,999
$100,001
MLS# 3300732
Pending 08/24/20 05/03/21
  1. Listed on 08/24/20
  • 18,200 Square Feet Sq.Ft
  • 0.62 Acres
  • 1945 Year Built Yr. Built
6851 W Colfax Avenue Lakewood, CO 80214 MLS# 3300732
Pending 08/24/20 05/03/21
278706628 39.740616 -105.07285 60105 /listing/278706628-151082055/6851-w-colfax-avenue-lakewood-co-80214 False 0 1999999.0 18200 101 3300732 False
$1,999,999
$100,001
  • 18,200 Square Feet
  • 0.62 Acres
  • 1945 Year Built
  1. Listed on 08/24/20
Choose an option down arrow image
  • Details
  • Features
  • Price History
  • Schools
  • Mortgage Calculator
  • Area Map & Drive Time
  • Walk Score
  • Demographics
  • Nearby Homes
Description

Josh Horwitz with DRG Invest is pleased to present this exclusive listing in the 40 West Art District, named Denver's most popular art district according to Westword in 2019. This large 18,200 square foot building offers retail and industrial use and is optimally located on Colfax, one of Colorado's busiest and most well-known streets. This property sits on a sprawling 27,007 square foot lot, with a large courtyard, stage, and parking area, and features a new roof, new electrical, and plumbing. Value add play with potential to finish an extra 20-28 rentable units for extra income. While garages for retail use are not permitted as of yet, there is an option for conversion in the future. This property is currently utilized as an Art Gallery with multiple leased tenants, all of which are paid to current terms and intend to continue to do so. Here is your rare opportunity to own an established building with endless potential in a trendy and desirable area.Please see OM in supplements.

Courtesy Of Denver Realtors Group LLC
Listing Information
  • Property Type: Commercial Sale
  • Property Subtype: Retail
  • Structure Type: Free Standing
  • PSF Total: 109.89
  • Price Per Acre: 3225804.84
  • Year Built: 1945
  • Year Built Effective: 2020
  • Special Listing Conditions: None Known
  • Possession: Closing/DOD
  • Current Use: Arts/Creative, Commercial, Retail
  • Directions: Right off Colfax
  • Building Name: Pasternaks Art Hub
  • Building Class: Class B
  • Stories: 2
Interior Features
  • Exclusions: Tenants personal propertySellers personal property
  • Number of Units: 18
  • Number Of Units Vacant: 10
  • Occupant Type: Tenant (Multiple)
  • Unit Count: 0
Parking/Garage
  • Parking Lot
  • Parking Spaces Number Of: 36
  • Parking Type: Parking Lot
  • Parking Total: 36
  • Total Offstreet Spaces: 36
Community/Neighborhood Information
  • Walk Score: 66
HOA
  • 2nd HOA Fee (Annual Total): 0.00
  • 3rd HOA Fee (Annual Total): 0.00
  • Master HOA Fee (Annual Total): 0.00
  • Total Annual HOA Fees: 0.00
Financial Considerations
  • Actual Annual Net Income: 120570.00
  • Cap Rate: 6.04
  • Cap Rate Calculation: 6.04%/10.67% CAP PRO FORMA
  • Gross Income: 197280.00
  • Leaseable Area: 18200.00
  • Legal Description: SECTION 35 TOWNSHIP 03 RANGE 69 QTR SE SUBDIVISIONCD 215300 SUBDIVISIONNAME E1/2 SE1/4 SE1/4 35-3-69 SUB BLOCK LOT 0012 SIZE: 27007 TRACT 00B VALUE: .620
  • Operating Expense: 76530.00
  • Operating Expense Includes: Insurance, Internet, Maintenance, Personal Property Tax, Professional Management, Real Estate Tax, Utilities
  • Projected Annual Expense: 76530.00
  • Projected Annual Net Income: 216270.00
  • Projected Gross Income: 292800.00
  • Tax Amount: 19436.00
  • Tax ID: 406753
  • Tax Year: 2019
  • Water Included YN: Y
Exterior & Lot Features
  • Road Surface: Paved
  • Zoning: CMU-C
Utilities & Green Home Features
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Phone Available, Phone Connected
  • Water Source: Public
Schools Near 6851 W Colfax Avenue Lakewood, CO
Listing Price History
  1. Listed on 08/24/20
  2. Selling for $1,999,999
  3. For Sale for 259 days
  1. Date
  2. Event
  3. Price
  4. Change
  • 9/18/2020
  • Price change
  • $1,999,999
  • $100,001-4.8%
Mortgage Calculator
buying, selling, have a question? ask me!

5925 E EVANS AVE

DENVER, CO 80222
(303) 204-4464 (303) 502-7333
Let us help you!