10785 W Colfax Ave

10785 W Colfax Ave

Lakewood, CO
Available
  • Property Type: Development/Land
  • Property Size: / 7.65 Acres

Overview

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 anti-growth restrictions of Initiative 200 creating an incredibly unique opportunity to build into a supply constrained market. Plans for the corridor and support from the community 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.

Investment Highlights

  • Strong multifamily comps nearby with Oak Street Station achieving $2.60 psf overall rents.
  • Exempt from anti-growth initiative with ability to build into a supply constrained market (only 3 properties under construction within 3 miles).
  • Yardi Matrix 1-Year Forecast: 6.2% rent growth & 96.2% occupancy; 2-3 Year Forecast: 4.0% rent growth & 96.4% occupancy.
  • Walkable access to shops, restaurants, stores, parks, light rail and more.
  • Ideal location with easy access to employment and recreation viaW Colfax, I-70, U.S. 6, and RTD Rail: W-Line.

Contact Information

Travis Hodge Senior Advisor P: 404.259.8171
O: 800.746.3175 ext. 766
thodge@capstone-companies.com
Anthony Bobay Senior Advisor P: 720.297.6667
O: 800.746.3175 ext. 767
abobay@capstone-companines.com
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