15500-15618 East Colfax Avenue presents a compelling redevelopment opportunity on one of Aurora’s most trafficked commercial corridors. The subject is a 5.04-acre / 219,660 square foot assemblage of five contiguous parcels with direct frontage and excellent visibility along East Colfax Avenue, situated between the Interstate 225 interchange to the west and E-470 to the east. The site’s strategic position along this arterial — which carries approximately 30,000 vehicles per day — combined with its MU-C: Mixed-Use Corridor District zoning creates a wide range of development possibilities including retail, restaurant, office, and multifamily residential uses, with building heights permitted up to 75 feet (90 feet for affordable housing components).
The site is currently improved with three small commercial buildings and a few mobile homes which are in the process of removal. These improvements do not represent the highest and best use of the land and are expected to be cleared to make way for redevelopment. The surrounding submarket has demonstrated strong demand for commercial land, evidenced by recent comparable transactions ranging from $12.94 to $16.77 per square foot along the East Colfax corridor.
