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

5091 East Colfax Avenue

Denver, CO 80220 MLS# 3231811

Active 09/11/19

250271964 False False 39.74041 -104.928856 60105 /listing/250271964-151082055/5091-east-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 East Colfax Avenue Denver, CO 80220 MLS# 3231811
Active 09/11/19
250271964 39.74041 -104.928856 60105 /listing/250271964-151082055/5091-east-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 Homes
Listing Information
  • Property Type: Income
  • Property Subtype: Commercial
  • Locale: South Park Hill
  • SqFt Above: 7300
  • SqFt Basement: 862
  • PSF Above Grade: 260.27
  • PSF Total: 232.79
  • Lot Size Sq Ft: 6100.00
  • Total Acres: 0.14
  • PPA: 13571428.57
  • Year Built: 1950
Interior Features
  • Exclusions: Tenants personal property
Room Details
  • Basement Size: Partial
Parking/Garage
  • Total Carport Spaces: 0
  • Total Offstreet Spaces: 0
  • Total Reserved Spaces: 0
  • Total RV Spaces: 0
Community/Neighborhood Information
  • Walk Score: 83
Financial Considerations
  • Owner Pays Utilities: Insurance, Property Tax
  • Tenant Pays: Electricity, Gas, Internet, Phone, Television, Trash, Water
  • Utilities Metering: Common Electric, Common Gas, Common Water
  • Utilities Paid By Tenant: Direct Billing from Utility
  • Annual Expenses: 25697
  • Cap Rate: 3.00
  • Cap Rate Calculation: Net Income/Sales Price
  • Gross Income: 103200
  • Net Operating Income: 77503
  • Tax Amount: 18988.00
  • Tax ID: 1314-34-051
  • Tax Year: 2018
Exterior & Lot Features
  • Exterior Features: Deck
  • Road Surface: Paved Road
  • Site Features: Corner Lot
  • View: City View
  • Zoning: U-MS-3
Schools Near 5091 East Colfax Avenue Denver, CO
Listing Price History
  1. Listed on 09/11/19
  2. Selling for $1,900,000
  3. For Sale for 91 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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