CO Colfax AveAurora, CO 80010

For Sale

Colorado Motel, 1.12 Acres, High Income

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a rare chance to acquire a well-established Aurora motel complex spanning 1.12 acres (48,827 sq ft) and comprising three separate parcels and buildings. The property includes three brick structures totaling over 10,898 sq ft. The main component is a 6-unit apartment building at 11710 E. Colfax Ave, boasting 3,036 sq ft and a 20,427 sq ft lot. This building also features a barbershop generating $1,250 in monthly rental income. A separate motel building at 11712 E. Colfax Ave occupies 6,651 sq ft on a 16,800 sq ft lot. Finally, an additional motel building at 11714 E. Colfax Ave adds 1,211 sq ft on an 11,600 sq ft lot. The current owner operates the business absentee, generating over $170,000 in annual income, demonstrating a stable and profitable operation. This property is ideally suited for redevelopment or investors seeking a strong return on investment in a prime Aurora, Colorado location. The sale is structured as a 1031 exchange, offering significant tax advantages for qualified buyers. This is a turnkey operation with significant upside potential. The property is located at 11710-11712-11717 E. Colfax Avenue, Aurora, CO 80010.

Highlights

  • Exceptional investment opportunity: 1.12-acre Aurora motel complex with three buildings totaling over 10,898 sq ft.
  • Three-parcel property includes a 6-unit apartment building (3,036 sq ft) with a barbershop generating $1,250/month in rental income.
  • Two additional motel buildings totaling 7,862 sq ft.
  • Absentee-owned, generating over $170,000 annual income.
  • 1031 exchange opportunity; prime Aurora location; redevelopment potential.

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.739895
Longitude
-104.851705
CO Colfax Ave, Aurora, Colorado

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CO Colfax Ave
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