8282 E Colfax Denver, CO 80220
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7069994
HOA Y/N No
Annual Tax Amount $17,967
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Commercial Land
Source recolorado
Property Description
This exceptional property features 18 well-maintained guest units along with a caretaker's residence, presenting a rare redevelopment opportunity on the East Colfax corridor. The area has seen successful conversions of similar hotels into high-demand monthly residencies, highlighting the property's flexibility and growth potential.
This asset offers significant value and upside for both savvy investors seeking profitable redevelopment projects and existing hotel owners looking to expand or reposition their portfolio. With strategic remodeling and effective management, the property could be transformed into a high-yield investment, capitalizing on the growing demand for extended stays in Denver.
Priced below construction costs, this opportunity provides an outstanding entry point for those looking to create substantial value through renovation and operational improvements. Don't miss the chance to acquire a prime property in a developing corridor with tremendous potential for appreciation and income growth.
Location
State CO
County Denver
Zoning E MS 3
Interior
Fireplace N
Exterior
Garage No
Building
Lot Description Corner Lot, Historical District
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional, Owner Will Carry, Price TBD
Listing Terms Cash, Conventional, Owner Will Carry, Price TBD
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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Park Hill School
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Westerly Creek Elementary School
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Denver Language School
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Challenge School
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Carson Elementary School
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Aurora Academy Charter School
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Odyssey Charter Elementary School
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Palmer Elementary School
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McMeen Elementary School
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Smith Renaissance School
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Lowry Elementary School
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Boston K-8 School
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Lotus School for Excellence
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Ashley Elementary School
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Vanguard Classical School
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Lansing Elementary School
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Paris Elementary School
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Peoria Elementary School
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Hallett Fundamental Academy
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Montclair Elementary School
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Denver School of the Arts
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McAuliffe International School
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William "Bill" Roberts
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Denver Green School
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Hill Campus of Arts and Sciences
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Aurora West College Preparatory Academy
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Denver Discovery School
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DSST: Stapleton Middle School
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Strive Prep - Montbello
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Dsst: Stapleton High School
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