For Sale
$4,250,000

6921 Lowell BlvdWestminster, CO 80221

4.32-acre lot, 18,628 SF, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional redevelopment opportunity encompasses a 4.32-acre lot in Westminster, Colorado, ideally situated adjacent to Westminster's commuter rail station at 6921 Lowell Blvd, 80221. The property boasts a total of 18,628 square feet of building space, currently configured as a multi-tenant complex with a diverse mix of uses. Seven existing buildings are included in the sale, comprising warehouse space previously used for stone manufacturing, a dedicated office/reception area, and two retail spaces currently leased to a liquor store and a tavern, both with prominent Lowell Boulevard frontage. Additionally, the property features five residential units and four garage units, all currently leased. The asking price is $4,250,000, representing a compelling price per square foot of $228.15 and a projected cap rate of 10.00%. The property is zoned C-1, offering significant flexibility for future development. Note that the existing business operations are sold separately. This presents a unique chance to acquire a substantial property with diverse income streams and significant redevelopment potential in a prime location. The property's proximity to the commuter rail station ensures excellent accessibility and strong potential for future growth.

Highlights

  • High-traffic location with excellent visibility on Lowell Street.
  • Recently renovated interior with modern finishes and updated systems.
  • Flexible floor plan adaptable to various business needs.
  • Ample on-site parking available for tenants and clients.
  • Competitive lease rates and flexible lease terms.

Property Details for 6921 Lowell Blvd

Property type
Warehouses, Land
Square Feet
18,628 SF
Lot Size (sq. ft)
188,179 SF

Location Insight

City
Westminster
County
Adams
State
Colorado
Latitude
39.822372
Longitude
-105.036136
6921 Lowell Blvd, Westminster, Colorado

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6921 Lowell Blvd
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