1978 Garrison StLakewood, CO 80227

Property Details for 1978 Garrison St

Year built

1974

Construction

STEEL FRAME

Lot size

3.37 AC

Property size (Sq ft)

13,225 SF

Property type

Office buildings

APN

49-271-99-001

APU

4927199001

Description

Woodlake Center presents a unique investment opportunity in a high-traffic retail and office complex. Strategically positioned at the well-lit intersection of West Jewell Avenue and South Garrison Street, between Kipling and Wadsworth Boulevards, this property boasts exceptional visibility and accessibility. The center comprises four single-story buildings totaling 36,088 square feet, offering a diverse range of spaces suitable for various business types. Currently, seven spaces are available, ranging in size from 225 square feet to 2,055 square feet, catering to a variety of needs. The property's tenant mix includes a diverse range of established businesses, creating a vibrant and bustling atmosphere. These include Garramone's Italian Restaurant, Big Sky Burger, a gourmet meat shop, an Allstate office, dog grooming services, a gift shop, and several hair salons, ensuring consistent foot traffic and a strong sense of community. This established center offers immediate occupancy and the chance to become part of a thriving commercial hub. The multiple building configuration provides flexibility for various business models and expansion opportunities. The property's location ensures high visibility and easy access for customers and employees alike. This is an exceptional opportunity to establish or expand your business in a dynamic and well-established commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $2,619,100

  6.5%

  $2,417,630

  7%

  $2,244,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,064,138

  Geo Method

  $1,092,650

• Alternative Use

  Use

  Valuation

  Residential

  $2,997,862

  Hospitality

  $2,746,025

  Educational

  $2,284,661

  Medical

  $2,363,234

  Retail

  $3,553,917

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.6814

Longitude

-105.099

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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