422 Elbert St - Medical FOR SALE


Castle Rock, CO 80104
$1,650,000 USD
719-257-3949
422 Elbert St, Castle Rock, CO for Sale
$1,650,000 USD
Medical - FOR SALE
1/26
null | 6.27% Cap Rate

Feb '26


422 Elbert St
Castle Rock, CO 80104


HIGHLIGHTS

  • Owner will carry with well qualified Buyer

OVERVIEW

Incredible live-work opportunity in a prime, highly visible location in Downtown Castle Rock. The building was originally constructed in 1925 and was extensively remodeled in 2010 with the inclusion of a luxury 2-bed apartment on the top floor. It’s a professional building with great curb appeal and high-end finishes. The total square footage is around 4,289, spread over three stories and a converted garage. The property has multiple suites, with separate utilities for each, and features kitchenettes and numerous restrooms. The garage has been converted to a 1bed/1 bath apartment currently leased to a flower shop The luxury apartment with two bedrooms on the top floor allows for a live-work setup. This could also be converted into additional office space. The property is situated in the historic downtown core of Castle Rock. It is within a short walking distance of many other retail shops, restaurants, and amenities. There is ample free surface parking available, both on-site and along Elbert Street. A business owner can leverage this flexible property in several ways: Owner-occupied business: An owner could operate a commercial business out of the main floor and live upstairs. Mixed-use investment: A business owner could occupy one of the commercial suites while leasing out the remaining commercial and residential units. With multiple suites and separate utilities, the property can function as an income-producing asset. Multiple commercial tenants: The property could be fully leased to several commercial businesses, with the potential for expansion by converting the residential unit. The existing layout with multiple restrooms and kitchenettes makes it easy to subdivide. Medical or office space: With its history as a medical office building, the space is well-suited for a professional practice. Retail: The 498 sq ft garage has been converted into a 1 bed/half-bath unit that is current leased to a flower shop. Owner Will Carry for well qualified Buyer with 30% Down

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Elbert Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Commercial

APN/PARCEL ID

2505-112-09-002,2505-112-09-003

ASK ABOUT THIS PROPERTY

Cameron YostKimmel RealtyMore Info
719-257-3949

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Cameron YostKimmel RealtyMore Info
719-257-3949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.