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    • Listing Provided By Capital Realtors Group LLC
    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.

    KEY DETAILS
    • Price:
    • $1,999,999
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 18,200
    • Acreage:
    • 0.62
    • Year Built:
    • 1945
    • MLS #:
    • 3300732
    • Street Address:
    • 6851 W Colfax Ave
    • City:
    • Lakewood
    • State:
    • CO
    • Postal Code:
    • 80214
    • County:
    • Jefferson
    • Listing Status:
    • For Sale - Pending

    Building

    • Building Floors:
    • Two
    • Leasable Square Feet:
    • 18200
    • Number Of Floors In Unit:
    • Two
    • Number Of Units:
    • 18
    • Number Of Units Vacant:
    • 10
    • Stories:
    • 2
    • Style:
    • Detached
    • Total Building Square Footage:
    • 18200
    • Year Built:
    • 1945

    Business

    • Gross Income:
    • 197280
    • Operating Expense:
    • 76530

    Land

    • Conforms To Zoning:
    • Cmu-C
    • Existing Land Use:
    • Commercial
    • Lot Size:
    • 0.62
    • Lot Size Units:
    • Acres
    • Lot Square Footage:
    • 27007
    • Road Type:
    • Paved

    Listing

    • Contingency Type:
    • None Known
    • Days On Market:
    • 252
    • Excluded:
    • Tenants Personal Property Sellers Personal Property
    • Originating Mls:
    • Reco
    • Previous Listing Price:
    • 2100000

    Location

    • Building Name:
    • Pasternaks Art Hub
    • Street Direction Prefix:
    • W
    • Street Type:
    • Avenue

    Money

    • Property Taxes:
    • $19,436
    • Tax Year:
    • 2019

    Structures

    • Parking Spaces:
    • 36

    Systems

    • Existing Water:
    • Public
    • Sewage Type:
    • Public Sewer

    Source

    COMLIST
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    NOTES

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