For Sale
$1,975,000

1360 Wadsworth BlvdLakewood, CO 80232

Prime Lakewood location, high occupancy, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional three-story office building, located at 1360 S Wadsworth Blvd in Lakewood, Colorado, presents a compelling investment opportunity. Boasting 24,217 square feet on a substantial 67,082 square foot lot, this Class B property offers significant upside potential. Currently operating at 73% occupancy with a modified lease structure and multi-tenant configuration, the building provides immediate cash flow. The asking price is $1,975,000, translating to $81.55 per square foot. Built in 1972, the building features highly desirable smaller office floorplates, ideal for a variety of tenants. The expansive lot offers significant outdoor storage potential. Its prime location provides easy access to Belmar and surrounding retail amenities, enhancing its appeal to both tenants and investors. The property's prominent South Wadsworth Boulevard location offers excellent signage opportunities with over 40,000 vehicles passing daily. This value-add opportunity allows for potential rent increases through simple tenant improvements, making it an attractive option for an owner-user seeking to occupy a portion of the space while maintaining positive cash flow. The substantial land provides a significant long-term investment opportunity. The seller is open to considering short-term financing options. This property is zoned for Executive Office, Medical Office, and Traditional Office uses.

Highlights

  • Highly desirable smaller office floor plates.
  • Large lot with ample outdoor storage potential.
  • Excellent access to Belmar and nearby retail amenities.
  • Value-add opportunity through straightforward tenant improvements to increase rental income.
  • Ideal owner-user opportunity; occupy space while generating cash flow.
  • Significant future land development potential.

Property Details for 1360 Wadsworth Blvd

Property type
Office properties, Medical offices
Square Feet
24,217 SF
Class
B
Year Built
1972
Stories
3

Location Insight

City
Lakewood
County
Jefferson
State
Colorado
Latitude
39.692239
Longitude
-105.0800819
1360 Wadsworth Blvd, Lakewood, Colorado

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1360 Wadsworth Blvd
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