39.74041 -104.928856
5091 E Colfax Avenue Denver CO 80220 250271964 39.74041 -104.928856 60105 /listing/250271964-151082055/5091-e-colfax-avenue-denver-co-80220 False 0 1900000.0 8162 101 100 3231811 False 1950 0.14 0.14

5091 E Colfax Avenue

Denver, CO 80220 MLS# 3231811

Active 09/11/19

250271964 False False 39.74041 -104.928856 60105 /listing/250271964-151082055/5091-e-colfax-avenue-denver-co-80220 False 0 1900000.0 8162 101 3231811 False 45361612 0
$1,900,000
$300,000
MLS# 3231811
Active 09/11/19
  1. Listed on 09/11/19
  • 8,162 Square Feet Sq.Ft
  • 0.14 Acres
  • 1950 Year Built Yr. Built
5091 E Colfax Avenue Denver, CO 80220 MLS# 3231811
Active 09/11/19
250271964 39.74041 -104.928856 60105 /listing/250271964-151082055/5091-e-colfax-avenue-denver-co-80220 False 0 1900000.0 8162 101 3231811 False
$1,900,000
$300,000
  • 8,162 Square Feet
  • 0.14 Acres
  • 1950 Year Built
  1. Listed on 09/11/19
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  • Details
  • Features
  • Price History
  • Schools
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  • Walk Score
  • Demographics
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Description

From a former jazz club to ethnic cuisine, you could own a piece of Denver history on the Colfax corridor. This is a highly sought commercial, mixed-use investment property. Currently leased with an event center/restaurant/cafe complete with commercial kitchen, outdoor patio and basement storage. There is a historic jazz mural inside. Two second floor condos provide additional income.

Courtesy Of Brokers Guild Real Estate
Listing Information
  • Property Type: Commercial Sale
  • Property Subtype: Special Purpose
  • Subdivision: South Park Hill
  • SqFt Above: 7300.00
  • SqFt Basement Finished: 0.00
  • PSF Total: 232.79
  • PSF Above Grade: 260.27
  • Price Per Acre: 13571428.57
  • Year Built: 1950
  • Year Built Effective: 2019
  • Possession: Closing/DOD
  • Current Use: Residential, Restaurant
  • Business Amenities: Commercial Improvements
  • Business Description: Mixed Use
  • Business Type: Mixed, Restaurant
Interior Features
  • Exclusions: Tenants personal property
  • Number of Units: 3
  • Unit Count: 0
Room Details
  • Basement: Partial
  • Basement YN: Y
Parking/Garage
  • Parking Total: 0
  • Total Offstreet Spaces: 0
Community/Neighborhood Information
  • Walk Score: 83
  • Year Established: 1950
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
  • Owner Pays Utilities: Insurance, Taxes
  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Telephone, Trash Collection, Water
  • Utilities Metering: Common Electric, Common Gas, Common Water
  • Utilities Paid By Tenant: Direct Billing from Utility
  • Actual Annual Net Income: 77503.00
  • Cap Rate: 4.00
  • Cap Rate Calculation: Net Income/Sales Price
  • Gross Income: 103200.00
  • Income Includes: Rent Only
  • Income Includes Description: Mixed-Use Rental Income
  • Legal Description: COLFAX HEIGHTS SOUTH B3 E 61FT OF L24 TO 27 COMMERCIAL PARCEL (FOR RES SEE 01314-34-050)
  • Operating Expense: 25697.00
  • Tax Amount: 18988.00
  • Tax ID: 1314-34-051
  • Tax Year: 2018
  • Water Included YN: Y
Exterior & Lot Features
  • Road Surface: Paved
  • View: City
  • Lot Features: Corner Lot
  • Patio And Porch Features: Deck
  • Zoning: U-MS-3
Utilities & Green Home Features
  • Sewer: Public Sewer
Schools Near 5091 E Colfax Avenue Denver, CO
Listing Price History
  1. Listed on 09/11/19
  2. Selling for $1,900,000
  3. For Sale for 298 days
  1. Date
  2. Event
  3. Price
  4. Change
  • 12/5/2019
  • Price change
  • $1,900,000
  • $300,000-13.6%
  • 10/14/2019
  • Price change
  • $2,200,000
  • $300,000-12%
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