9580 14Th AveLakewood, CO 80215
- Office properties
- 0.54 AC
Property Details for 9580 14Th Ave
- Lot size
- 0.54 AC
- Property type
- Office properties
- Property subtype
- Land
Description
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.
Location Insight
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Latitude
- 39.738
- Longitude
- -105.104
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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