CO
Adams
Bennett
80102
460 E Colfax Avenue
460 E Colfax Avenue, Bennett, CO 80102
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Listing Type
Commercial/Industrial
Listing Status
active
13
$2,735,000

Home Details for 460 E Colfax Avenue

Price
$2,735,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
16150
Year built
1940
Lot size acres
1.32
County
Adams
Garage
Days on site
469
MLS Listing#
9993695
Property Description

Opportunity to own multiple income streams in the growing town of Bennett. The 13-unit manufactured home community is turnkey with newer Champion homes (2017 to 2019), park-owned, rented, and included in the sale. Each unit is separately metered for gas and electric. The community is served with city water and sewer, each unit having a sub meter system for individual water utility billing. The Champion manufactured homes are a spacious 1,150 sq ft, 2 bed/2 bath layout, with 2x6 exterior walls, smart siding, 50yr Malarkey Legacy shingles (2021), and a two-car driveway directly in front of each unit. Registered with the Colorado Division of Housing Mobile Home Park Oversight Program (MHPOP) as Bennett Homes, MHP-003371. **Note: All units are park-owned** Develop an additional income stream with 100 ft of high visibility frontage along E. Colfax Avenue and Town of Bennett commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940’s structure: perhaps future retail, or a convenient office for your growing enterprise. Invest in an area that has experienced a notable population increase since 2020, with an average annual growth rate of 8.7% in the Town of Bennett. The population in Bennett is projected to continue expansion at a 12% - 20% growth rate per year with projections through 7/1/2029. (Source: Town of Bennett publication, November 2024.) Convenient location for tenants, near Denver International Airport (Top 6 busiest airport in the world by 2024 passenger count), Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park. Bennett Homes: 13-Unit Manufactured Home Community: • In-Place Cap Rate: 6.0% • Year 1 Cap Rate: 6.4% + • Pro Forma Cap Rate: 8.0% 460 E Colfax Avenue: • Additional Land Value with water tap & 1940's structure. Total Price: $2,735,000.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
  • Water Features
    • Public
  • Parking
    • Concrete
Listing Courtesy: Coldwell Banker Realty 24 - 303-409-1300
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Dawn Campbell
Associate Broker
Office
303 790 7200
Agent
303 408 3229
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