5530-5536 W Colfax Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
5530-5536 W Colfax Ave
5,550 SF Vacant Retail Building Lakewood, CO 80214 £1,291,043 (£233/SF) 6.40% Net Initial Yield
Investment Highlights
- Gross Rent: $146k (current). NOI: $106k (6.4% CAP).
- 4 buildings (5,550sf) on 0.44acres
- Monument Sign (Double-sided)
- Qualified Opportunity Zone (QOZ) in growing Lakewood Market
- New Roof and Wiring in 2020
- Ample On-Site Parking (72+ Cars)
Executive Summary
Hoff & Leigh is excited to present this great investment opportunity with stable income in place in the growing Lakewood Market! This mixed-use property for sale is situated on 2 parcels at Colfax Ave & Depew with a dedicated turn lane, located just 5 minutes from Downtown Denver. This property is on a corner lot in a Qualified Opportunity Zone (QOZ), and is currently operating as an auto dealership with parking for 72+ cars.
This property is 0.44 acres and includes 4 buildings totaling 5,550sf:
1. (5530) Mixed-use building has separate entrances for the 2 apartments upstairs (2br/1ba and 1br/1ba), and a 1st floor retail unit with a 1,200 SF retail area, kitchen, small bedroom, bathroom, storage room and closet, mechanic storage in back (yellow room).
2. (5536 Bldg 1) Mixed-use building also has retail on 1st floor (2 offices, 2 bathrooms, storage room area and spiral staircase to apartment upstairs).
3. (5536 Bldg 2 and Bldg 3) Auto-repair building insulated with 1 lift, large reception area, office, and bathroom/shower.
4. (5536 Bldg 4) Auto-repair dome insulated with bays for 2-3 cars.
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfax-avenue/
For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com
Matterport Virtual Tours:
Retail/2 apts building (5530): https://my.matterport.com/show/?m=6Bt1nx3YbYM .
1st floor office/retail (5536 Bldg 1): https://my.matterport.com/show/?m=ejhQobYniUx .
Auto repair office (5536 Bldg 2): https://my.matterport.com/show/?m=K8nni4tdvQE .
Auto repair shop (5536 Bldg 3): https://my.matterport.com/show/?m=u4spjftVVhB .
Auto repair dome (5536 Bldg 4): https://my.matterport.com/show/?m=6zqtcCDw6za .
5530-5536 W Colfax HIGHLIGHTS:
• $1,650,000.
• Gross Rent: $146k (current).
• NOI: $106k (6.4% CAP).
• 5,550sf (4 buildings).
• 0.44 acres (2 parcels).
• New Roof and Wiring (2020).
• Pylon sign (double-sided).
• High visibility and Foot Traffic on Colfax Ave.
• Ample on-site parking (72+ cars).
• Qualified Opportunity Zone (QOZ).
• Growing market in Lakewood.
• Zoning M-G-U (Lakewood).
• Built in 1943, 1975.
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfaxavenue/
For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com
This property is 0.44 acres and includes 4 buildings totaling 5,550sf:
1. (5530) Mixed-use building has separate entrances for the 2 apartments upstairs (2br/1ba and 1br/1ba), and a 1st floor retail unit with a 1,200 SF retail area, kitchen, small bedroom, bathroom, storage room and closet, mechanic storage in back (yellow room).
2. (5536 Bldg 1) Mixed-use building also has retail on 1st floor (2 offices, 2 bathrooms, storage room area and spiral staircase to apartment upstairs).
3. (5536 Bldg 2 and Bldg 3) Auto-repair building insulated with 1 lift, large reception area, office, and bathroom/shower.
4. (5536 Bldg 4) Auto-repair dome insulated with bays for 2-3 cars.
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfax-avenue/
For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com
Matterport Virtual Tours:
Retail/2 apts building (5530): https://my.matterport.com/show/?m=6Bt1nx3YbYM .
1st floor office/retail (5536 Bldg 1): https://my.matterport.com/show/?m=ejhQobYniUx .
Auto repair office (5536 Bldg 2): https://my.matterport.com/show/?m=K8nni4tdvQE .
Auto repair shop (5536 Bldg 3): https://my.matterport.com/show/?m=u4spjftVVhB .
Auto repair dome (5536 Bldg 4): https://my.matterport.com/show/?m=6zqtcCDw6za .
5530-5536 W Colfax HIGHLIGHTS:
• $1,650,000.
• Gross Rent: $146k (current).
• NOI: $106k (6.4% CAP).
• 5,550sf (4 buildings).
• 0.44 acres (2 parcels).
• New Roof and Wiring (2020).
• Pylon sign (double-sided).
• High visibility and Foot Traffic on Colfax Ave.
• Ample on-site parking (72+ cars).
• Qualified Opportunity Zone (QOZ).
• Growing market in Lakewood.
• Zoning M-G-U (Lakewood).
• Built in 1943, 1975.
Hoff & Leigh property listing website: https://www.hoffleigh.com/listing/5530-5536-west-colfaxavenue/
For more info, please text/call Michael Crawford: (720) 683-0399. MCrawford@HoffLeigh.com
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£114,288
|
£20.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£114,288
|
£20.59
|
| Taxes |
£12,584
|
£2.27
|
| Operating Expenses |
£19,078
|
£3.44
|
| Total Expenses |
£31,662
|
£5.70
|
| Net Operating Income |
£82,626
|
£14.89
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £114,288 |
| Annual Per SF | £20.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £114,288 |
| Annual Per SF | £20.59 |
| Taxes | |
|---|---|
| Annual | £12,584 |
| Annual Per SF | £2.27 |
| Operating Expenses | |
|---|---|
| Annual | £19,078 |
| Annual Per SF | £3.44 |
| Total Expenses | |
|---|---|
| Annual | £31,662 |
| Annual Per SF | £5.70 |
| Net Operating Income | |
|---|---|
| Annual | £82,626 |
| Annual Per SF | £14.89 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,550 SF
Building Class
C
Year Built
1943
Price
£1,291,043
Price Per SF
£233
Net Initial Yield
6.40%
NOI
£82,625
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Building FAR
0.29
Land Acres
0.44 AC
Opportunity Zone
Yes
Zoning
M-G-U - Lakewood M-G-U (Mixed Use General Urban) located in Opportunity Zone
https://www.lakewood.org/files/assets/public/v/6/planning/development-assistance
Parking
72 Spaces (12.97 Spaces per 1,000 SF Leased)
Frontage
103 ft on W Colfax
Amenities
- 24 Hour Access
- Bus Route
- Corner Lot
- Dedicated Turn Lane
- Fenced Lot
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Perfect Image Auto
- Retailer
- 4,100 SF
- £21.69
- Modified Gross
- Feb 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Perfect Image Auto | Retailer | 4,100 SF | £21.69 | Modified Gross | Feb 2025 |
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 49-011-04-014 | Total Assessment | £78,675 (2023) |
| Land Assessment | £73,258 (2023) | Annual Taxes | £12,584 (£2.27/sf) |
| Improvements Assessment | £5,417 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-011-04-014
Land Assessment
£73,258 (2023)
Improvements Assessment
£5,417 (2023)
Total Assessment
£78,675 (2023)
Annual Taxes
£12,584 (£2.27/sf)
Tax Year
2024
-
Michael Crawford -
Hoff & Leigh Denver
1 of 33
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
5530-5536 W Colfax Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.