Active
460 E Colfax Avenue
Bennett CO, 80102
$2,735,000
$169.35 per sqft
Active
16,150 sqft
Commercial
Built in 1940
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.
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.
Total Price: $2,735,000:
Bennett Homes: 13-Unit Manufactured Home Community:
* Current Cap Rate: 5.71%
* Pro Forma Cap Rate: 7.78% +
460 E Colfax Avenue: Additional Land Value, water tap, & 1940's structure.
9993695
MLSⓇ ID
June 10, 2024
Listed
February 17, 2025
Updated
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.32 Acres
Sewer
Public Sewer
Other Property Details
Taxes
$7,450
Tax Frequency
Annually
Garage
No
Parking
Concrete
Parking Total
26
View
No
County
Adams
Water Source
Public
Pool
No
Utilities
Electricity Connected, Internet Access (Wired), Natural Gas Connected
Zoning
Commercial
Listing History
Date | Event | Price |
|---|---|---|
6/12/2024 | Active | — |
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