6990 W Colfax Ave

This 15,800 square foot piece of vacant land is currently available for sale. Located on the SEC of W Colfax Ave and Reed St in Lakewood, Colorado, 6990 West Colfax Avenue is loosely zoned for mixed-use, general and urban development (M-G-U). Plausible recommendations for development based on area size, amount of daily traffic and other formal demographics might include such businesses as a small cafe/bar, a liquor store, a quick service enterprise, a small apartment building, mixed-use retail, or small office as a few samplings of possibilities. According to recently published yield, rental and occupancy rates for retail development which conforms to patterns of land use in this market area, such studies suggest demand is relevant and sufficient to support construction costs and to ensure timely absorption of additional inventory in this market. Thus, near-term speculative development of this site is potentially financially feasable according to such research studies.

Furthermore, with the nearby Wadsworth light rail station on Wadsworth Blvd just south of West Colfax Ave and with further growth in the area due to same, there is a greater potential for opportunity, especially in mixed-use, commercial/retail, as well as owner occupant build-to-suit retail or office space development.