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La Rue Motel 8828 E Colfax Ave

14 Room Hotel Denver, CO 80220 £821,573 (£58,684/Room) 14.18% Net Initial Yield

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Investment Highlights

Manager Quarters on Site
Bus Stop Within Walking Distance

Signage on East Colfax

Executive Summary

Hoff & Leigh proudly presents an opportunity to purchase a 14-unit motel on busy East Colfax. Step into the character and convenience of 8828 E Colfax Avenue in Denver’s East Colfax neighborhood. This opportunity has serious history as part of Colfax Main Street, and it’s a prime spot with easy access to downtown and major roads. The La Rue Motel has endless potential along with many recent upgrades. There is also a billboard on premise, creating additional income. 5 units have kitchenettes, there are manager quarters for an on-site manager, and there have been heavy renovations to the entire property including a new electrical service. Call us today to schedule a private tour and see this opportunity for yourself.
Designated for the Colorado Opportunity Zone Program: https://oedit.colorado.gov/coloradoopportunity-zone-program
*Cap Rate – 14.18%
*2024 Expected NOI - $148,837.57
*Billboard Income - $3,300 / Year
*2023 Property Taxes - $3,331.90

Colfax Avenue, 8828 E

Property Facts

Price	£821,573	Building Size	5,066 SF
Price Per Room	£58,684	No. Rooms	14
Sale Type	Investment	Number of Floors	2
Net Initial Yield	14.18%	Year Built/Renovated	1953/2024
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	0.96/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	0.14 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£821,573
Price Per Room	£58,684
Sale Type	Investment
Net Initial Yield	14.18%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.14 AC
Building Size	5,066 SF
No. Rooms	14
Number of Floors	2
Year Built/Renovated	1953/2024
Tenancy	Single
Parking Ratio	0.96/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.