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Lofts on Colfax 1245 E Colfax Ave 123,166 SF Office Building Denver, CO 80218 $16,187,160 CAD ($131.43 CAD/SF)

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Investment Highlights

  • Permit ready
  • Great Income Potential
  • Luxury Amenities

Executive Summary

1245 E Colfax Avenue
A New Standard for Urban Micro-Living in Denver
1245 E Colfax is a fully entitled, permit-ready mixed-use development designed for modern urban living along one of Denver’s most iconic corridors. The project delivers 144 thoughtfully designed micro-apartments and approximately 6,000 square feet of neighborhood-serving retail, combining new construction with adaptive reuse to create an activated, walkable residential environment.
This is a shovel-ready infill opportunity with all major entitlement risk removed and a clear path to delivery.
________________________________________
Designed for How People Actually Live
1245 E Colfax was conceived around efficiency, flexibility, and lifestyle — not excess. The micro-unit format allows residents to live simply while still enjoying high-quality finishes and shared amenities that extend their living space beyond the unit.
Interior residences feature:
• Contemporary kitchens with full-size appliances
• In-unit laundry
• High ceilings and large windows
• Clean, durable finishes designed for urban renters
The result is housing that is efficient without feeling compromised.
________________________________________
Lafayette Building | New Construction
The Lafayette Building anchors the project with 95 newly constructed micro-apartments arranged over five residential levels plus a rooftop amenity deck.
Key Highlights
• Modern micro-unit layouts
• Exterior walk-up units along Lafayette Street
• Ground-floor retail activating the street frontage
Resident Amenities
Purpose-built spaces that support work, connection, and downtime:
• Co-working space and podcast studio
• Multiple resident lounges
• Outdoor courtyard
• Rooftop amenity patio with city views
These shared spaces are designed to replace square footage inside the unit, creating a stronger sense of community and livability.
________________________________________
Colfax Building | Adaptive Reuse
The Colfax Building repositions an existing 1962 office structure into 49 micro-apartments with activated retail frontage along Colfax Avenue.
Features
• Change-of-occupancy renovation
• Ground-floor retail including existing and new spaces
• Fitness center and secure bike storage
• Direct engagement with Colfax’s pedestrian activity
By blending adaptive reuse with new construction, the project delivers character, efficiency, and cost discipline while preserving the rhythm of the corridor.
________________________________________
Street-Level Activation & Retail
Approximately 6,000 square feet of retail is integrated across both buildings, creating an active pedestrian experience along Colfax and Lafayette.
Retail spaces are sized and positioned to support:
• Coffee and neighborhood food uses
• Daily-needs retail
• Services that benefit both residents and the surrounding community
This retail component strengthens the project’s long-term durability and neighborhood integration.
________________________________________
Mobility-Forward by Design
1245 E Colfax prioritizes non-automotive mobility while still providing necessary parking.
• Shared structured and surface parking
• ADA-compliant and EV-ready stalls
• Extensive secure bike parking (interior and exterior)
• Transit-oriented Colfax corridor location
This approach aligns with Denver’s evolving mobility patterns and renter preferences.
________________________________________
A Rare Shovel-Ready Opportunity
With entitlements secured, designs completed, and permits ready, 1245 E Colfax offers a rare opportunity to deliver high-demand urban housing without prolonged pre-development risk.
The project is positioned to capitalize on:
• Continued demand for smaller, efficient urban units
• Strong fundamentals along the Colfax corridor
• Adaptive reuse combined with new construction efficiency
1245 E Colfax is not speculative — it is ready.

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
123,166 SF
Building Class
A
Year Built/Renovated
1966/2009
Price
$16,187,160 CAD
Price Per SF
$131.43 CAD
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
30,791 SF
Slab To Slab
13’
Building FAR
3.29
Lot Size
0.86 AC
Zoning
C-MS-5 - Urban Center Neighborhood - Main Street 5
Parking
44 Spaces (0.36 Spaces per 1,000 SF Leased)

Amenities

  • Controlled Access
  • Fitness Center
  • Security System
  • Wheelchair Accessible
  • Reception
  • Storage Space
  • Air Conditioning
  • Smoke Detector
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
2354-28-018
Land Assessment
$1,976,425 CAD (2025)
Improvements Assessment
$1,976,425 CAD (2025)
Total Assessment
$2,374,724 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
  • Listing ID: 39244449

  • Date on Market: 2026-01-28

  • Last Updated:

  • Address: 1245 E Colfax Ave, Denver, CO 80218

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