9580 14Th AveLakewood, CO 80215

For Sale
$1,300,000

Two-building office complex, high-density zoning

Overview

Added:
Dec 11, 2024
Days on market:
90
This Lakewood, Colorado property presents a unique investment opportunity. The 0.54-acre lot (over 23,000 square feet) features two existing office buildings, generating a current NOI of $40,357 and a 3.10% cap rate. However, the significant potential lies in the M-N-U zoning, permitting vertical development up to 45 feet. This allows for substantial expansion and redevelopment, with a pro-forma NOI projected at $115,843 and an 8.91% pro-forma cap rate. The buildings offer immediate income for an owner-user while the land is entitled for development. Located less than half a mile from the Garrison Street Light Rail Station (W-Line), this transit-oriented development site benefits from excellent accessibility and is situated in a rapidly growing area west of Denver. The asking price is $1,300,000. This property is ideal for developers seeking a well-located project with immediate cash flow and significant upside potential. Jefferson County address: 9580-9590 W 14th Ave, zip code 80215.

Highlights

  • Owner-user opportunity: Two existing office buildings provide immediate cash flow.
  • M-N-U zoning allows for 45-foot high vertical development.
  • 0.54-acre lot (23,000+ sq ft) offers significant redevelopment potential.
  • Current income-producing buildings generate NOI of $40,357 and a 3.10% cap rate; pro-forma NOI projected at $115,843 and 8.91% cap rate.
  • Transit-oriented development: Less than half a mile from the Garrison Street Light Rail Station (W-Line).

Property Details for 9580 14Th Ave

Property type
Other office properties, Other land
Buildings
2
Lot Size (sq. ft)
23,522 SF

Location Insight

City
Lakewood
County
Jefferson
State
Colorado
Latitude
39.7379955
Longitude
-105.1042801
9580 14Th Ave, Lakewood, Colorado

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9580 14Th Ave
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