11598 W Colfax Ave 12,075 SF Retail Building Lakewood, CO 80215 $1,175,000 ($97.31/SF)

Situated at the prominent intersection of W Colfax Ave and Simms St, 11598 W Colfax boasts exceptional visibility, monument signage, and abundant parking—making it an ideal location for retail, office use, or future redevelopment opportunities. The building features three separate ground-floor units totaling approximately 2,000 square feet. The second floor includes eight individual offices or rooms, offering flexible workspace or rental configurations. Additionally, the property includes an unfinished basement of approximately 2,000 square feet, providing potential for future development or storage use. The property generated over $15,000 in rental income in 2022 prior to removing from the market, demonstrating solid income potential with opportunities to further increase revenue through renovations and improved occupancy. Located in a high-traffic area with over 50,000 vehicles passing daily, the property is zoned MGU, allowing for multifamily development. Strategically positioned along Denver’s key westward expansion corridor as well as within an opportunity zone, Lakewood is experiencing substantial investment, new residential developments within blocks, and infrastructure enhancements. Additional adjoining parcels may be available, offering flexibility for larger-scale development. Ownership is also open to a long-term ground lease for a qualified tenant.