- For Sale $1,095,000
- Property Type Other
- Property Size 4,188 SF
- Lot Size 0.14 Acre
- Cap Rate % 13.59
- Additional Rent Contact for pricing
- Date Updated Oct 21, 2024
Hoff & Leigh proudly presents an opportunity to purchase a 14-unit motel on busy East Colfax. Step into the character and convenience of 8828 E Colfax Avenue in Denver’s East Colfax neighborhood. This opportunity has serious history as part of Colfax Main Street, and it’s a prime spot with easy access to downtown and major roads. The La Rue Motel has endless potential along with many recent upgrades. There is also a billboard on premise, creating additional income. 5 units have kitchenettes, there are manager quarters for an on-site manager, and there have been heavy renovations to the entire property including a new electrical service.
*Cap Rate – 13.59% *2024 Expected NOI - $148,837.57 *Billboard Income - $3,300 / Year *2023 Property Taxes - $3,331.90
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Contacts
Location
Getting Around
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Walk Score ®
78/100
Very Walkable
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Transit Score ®
51/100
Good Transit
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Bike Score ®
64/100
Bikeable
- City Denver, CO
- Neighborhood East Colfax
- Zip Code 80220
- Market Denver
Points of Interest
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Union Station Light Rail Plaza
6.36 miles
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10th & Osage
6.43 miles
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Commerce City & 72nd
6.72 miles
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Bakken Motorcars
8.81 miles
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777
0.07 miles
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7-Eleven
0.48 miles
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Conoco
0.99 miles
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King Soopers Fuel Center
1.46 miles
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King Soopers Gas
1.72 miles
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ChargePoint
2.41 miles
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eVgo
2.81 miles
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Tesla Supercharger
3.29 miles
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Electrify America
3.32 miles
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SemaCharge
3.57 miles
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Fletcher Plaza
0.58 miles
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Police Academy
0.63 miles
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Private Parking
0.67 miles
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Guest/Visitor Parking
0.72 miles
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Faculty Parking
1.27 miles
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FBI Visitor Lot
1.96 miles
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Sand Creek Trail
2.03 miles
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Central Park Station Park-n-Ride
2.08 miles
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La Rue Motel
0.01 miles
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Biltmore Motel
0.05 miles
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Lazy C Motel
0.07 miles
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Motel 9
0.09 miles
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Branding Iron Motel
0.14 miles
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Riviera Motel
0.18 miles
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Ahwahnee Motel
0.20 miles
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Red Coach Motor Inn
0.24 miles
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Sand & Sage Motel
0.24 miles
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7 Star Motel
0.27 miles
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Tacos Acapulco
0.02 miles
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Rico Pollo
0.14 miles
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Tacos y Salsas
0.16 miles
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Sun Rise Chinese Food
0.17 miles
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Los Toritos
0.35 miles
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Neveria La Mexicana
0.42 miles
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Taw Win Burmese Food
0.46 miles
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La Morena
0.52 miles
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Ranch House Cafe
0.74 miles
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Mariscos El Rey Estilo Sinaloa
0.90 miles
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Boston K-8 School
0.27 miles
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The Logan School
0.58 miles
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William "Bill" Roberts School
0.59 miles
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Denver School of Science and Technology
0.64 miles
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Denver Police Academy
0.65 miles
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CCCS IT / UNC
0.73 miles
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Vanguard Classical School
0.74 miles
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Lowry Montessori School
0.78 miles
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CCD Dental Hygiene
0.78 miles
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Crawford Elementary School
0.79 miles
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Paddington Station Preschool
1.01 miles
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Montessori Casa International Preschool
1.52 miles
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New Horizon Academy
2.31 miles
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Saint Mark's Preschool
2.32 miles
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Fitzsimons Early Learning Center
2.93 miles
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BabyTopia
3.22 miles
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Children's Chalet Day Care
3.47 miles
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Three Bears Learning Center
3.49 miles
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Angels of God Child Day Care
3.56 miles
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Children's Playland
3.72 miles
Frequently Asked Questions
How much does 8828 E Colfax Avenue cost?
The space currently listed for sale at 8828 E Colfax Avenue asks for $1,095,000.
What is the total square footage of 8828 E Colfax Avenue?
8828 E Colfax Avenue totals 4,188 square feet.
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