Primed for redevelopment and rich in history, the West Colfax corridor is a bustling commercial district with an abundance of shops, stores, employers, parks and amenities that make the area ideal for all types of uses. Properties along West Colfax are exempted from the the anti-growth restrictions of Initiative 200 which has led multifamily developers to focus on this corridor. Plans for the corridor call for it to become Lakewood’s new downtown, helping to create a dense, vibrant, and walkable environment that is truly unique amongst Denver’s western metro municipalities. Located nearby is the newly established 40 West Arts District, where area residents and visitors can enjoy numerous art galleries and over 70 public works of art along the 4-mile ArtLine Route.
- Value-add office/retail.
- 9.0% proforma cap rate.
- High visibility on W Colfax with over 27,000 vehicles per day.
- 1/2 mile from Garrison Light Rail Station (W Line).
- Potential to generate income on large vacant lot in rear.