The Dive Bar | 11810 W Colfax Ave
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The Dive Bar 11810 W Colfax Ave
2,048 SF Retail Building Lakewood, CO 80215 $750,000 ($366/SF)
EXECUTIVE SUMMARY
Free-standing building with a single tenant on a Modified Gross Lease (Tenant will vacate before closing). The main level serves as the bar, seating, pool tables, and enclosed covered outdoor patio seating. The lower level has walk-in coolers, an office, storage, and restrooms. Loyal clientele long time established. No vacancy in over 50 years!
High-traffic West Colfax stable neighborhood, lots of retail and office support.
Current Tenant:
GROSS rent- $4,588 monthly or $55,056 Annually
Term- 3 years
Expires March of 2026 (but Tenant will vacate before closing)
EXPENSES:
Taxes 2023- $9068
Insurance- $3790
Furnace- New as of 2 years ago
Evaporative Cooler is in good working order for A/C but has not been replaced during their ownership and they do not know the exact age of the unit. They bought the property in September of 2015
The roof has not been replaced during their ownership.
Building exterior was painted in the last 5 years
Parking lot asphalt work was also completed in the last 5 years.
High-traffic West Colfax stable neighborhood, lots of retail and office support.
Current Tenant:
GROSS rent- $4,588 monthly or $55,056 Annually
Term- 3 years
Expires March of 2026 (but Tenant will vacate before closing)
EXPENSES:
Taxes 2023- $9068
Insurance- $3790
Furnace- New as of 2 years ago
Evaporative Cooler is in good working order for A/C but has not been replaced during their ownership and they do not know the exact age of the unit. They bought the property in September of 2015
The roof has not been replaced during their ownership.
Building exterior was painted in the last 5 years
Parking lot asphalt work was also completed in the last 5 years.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$55,056
|
$26.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,056
|
$26.88
|
| Taxes |
$9,068
|
$4.43
|
| Operating Expenses |
$3,790
|
$1.85
|
| Total Expenses |
$12,858
|
$6.28
|
| Net Operating Income |
$42,198
|
$20.60
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $55,056 |
| Annual Per SF | $26.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,056 |
| Annual Per SF | $26.88 |
| Taxes | |
|---|---|
| Annual | $9,068 |
| Annual Per SF | $4.43 |
| Operating Expenses | |
|---|---|
| Annual | $3,790 |
| Annual Per SF | $1.85 |
| Total Expenses | |
|---|---|
| Annual | $12,858 |
| Annual Per SF | $6.28 |
| Net Operating Income | |
|---|---|
| Annual | $42,198 |
| Annual Per SF | $20.60 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,048 SF
Building Class
C
Year Built/Renovated
1954/2019
Price
$750,000
Price Per SF
$366
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.28 AC
Zoning
Commercial - Commercial
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
100 FT on West Colfax Ave
AMENITIES
- 24 Hour Access
- Restaurant
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Balcony
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-051-01-010 | Total Assessment | $195 |
| Land Assessment | $195 | Annual Taxes | $9,068 ($4.43/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
49-051-01-010
Land Assessment
$195
Improvements Assessment
$0
Total Assessment
$195
Annual Taxes
$9,068 ($4.43/SF)
Tax Year
2024 Payable 2024
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The Dive Bar | 11810 W Colfax Ave
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