102 Cleveland StLafayette, CO 80026

Property Details for 102 Cleveland St

Year built

1981

Construction

CONCRETE BLOCKS

Lot size

0.16 AC

Property size (Sq ft)

4,621 SF

Zone code

2120

Property type

Office properties

Property subtype

Office buildings

APN

1575-02-2-22-004

APU

157502222004

Description

This exceptional commercial property, located at 102 E Cleveland St in Lafayette, CO 80026, offers two distinct spaces ideal for a variety of businesses. The ground floor retail suite boasts 1,511 square feet, featuring a convenient overhead door facing south, ensuring excellent visibility and accessibility. This space is perfect for businesses requiring high foot traffic exposure and easy loading/unloading capabilities. Upstairs, a 1,615 square foot office suite provides a professional and functional workspace, ready for immediate occupancy. Both spaces benefit from the property's prime downtown Lafayette location, experiencing high visibility and pedestrian traffic from S Public Rd. The building itself is a two-story structure, originally constructed in 1981 and extensively renovated in 2020. All windows were recently replaced in 2024, enhancing energy efficiency and providing modern aesthetics. This single-tenant property presents a unique opportunity to establish a thriving business in a vibrant and accessible location. The combination of retail and office space offers flexibility and potential for synergistic business ventures. Don't miss this chance to secure a prominent presence in the heart of Downtown Lafayette.

• CAP approach

  CAP return

  Valuation

  6%

  $1,054,412

  6.5%

  $973,303

  7%

  $903,781

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,160,530

  Geo Method

  $381,787

• Alternative Use

  Use

  Valuation

  Residential

  $1,206,896

  Hospitality

  $1,105,510

  Educational

  $919,771

  Medical

  $951,404

  Retail

  $1,430,755

Location Insight

City

Lafayette

County

Boulder

State

Colorado

Latitude

39.997

Longitude

-105.09

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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