3200-3216 E Colfax Ave
Fully-Leased Retail with Value-Add Upside + Redevelopment Parcel in Prime East Colfax Location
Marketing description
3200 E Colfax Ave & 1470 Steele St | Denver, CO
Offered at $4,000,000
A rare investment and redevelopment opportunity in the heart of Denver’s rapidly evolving East Colfax corridor. This offering includes two contiguous parcels: 3200 E Colfax Ave and 1470 Steele St.
The primary building at 3200 E Colfax is currently occupied by Cirrus Social Club, Certified Tattoo, and a barbershop. All tenants are on below-market rents, creating immediate value-add potential through lease-up or repositioning. Approximately 75% of the building has been recently renovated, reducing capital exposure for investors.
1470 Steele St, directly south of the main structure, offers additional parking capacity or future redevelopment flexibility. This is a classic covered land play with strong in-place income and long-term upside.
Highlights:
Offered at $4,000,000 for both parcels
Below-market rents with room for income growth
~75% of the building recently renovated
Cirrus Social Club, Certified Tattoo, and a barbershop as tenants
1470 Steele St allows for redevelopment or expanded parking
Located on a high-traffic, high-visibility stretch of East Colfax
Ideal for investors, developers, and owner-users
Investment highlights
Investment Highlights:
Two contiguous parcels with income and development potential
Below-market rents provide immediate value-add opportunity
Approx. 75% of building recently renovated
Cirrus Social Club, Certified Tattoo, and barbershop in place
1470 Steele St adds land value for parking or redevelopment
High-visibility location along East Colfax, a revitalizing corridor
Ideal for investors, developers, or owner-users seeking long-term upside
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