7400 W 14th Ave - Office FOR SALE


Denver, CO 80214
$1,296,000 USD
303-777-2007
7400 W 14th Ave, Denver, CO for Sale
$1,296,000 USD
Office - FOR SALE
1/24
null | Request Cap Rate

7400 W 14th Ave
Denver, CO 80214


HIGHLIGHTS

  • Location adjacent Wadsworth Station at West Line of Light Rail. Easy access to interstates, highways, Downtown Denver, W Colfax & Belmar Shopping.
  • Remodeled and Updated in 2018. 8,586 SF OFFICES on .47 acre with fenced parking lot, double-gated. Flexible M-C-T (TOD) zoning, allows many uses.
  • Located in Jeffco and CO State Enterprise Zone. State Tax Credits exist.
  • Possible Seller Carry Financing (new 1st loan) with approved credit.
  • Possible Lease with Option to Purchase.

OVERVIEW

Location! Location! Location! Office Building 8,586 SF on 20,497 SF parcel (.47 acre) adjacent to RTD West Line, Light Rail Station at 14th & Wadsworth. Within two blocks of buslines and major retail centers and numerous restaurants on W Colfax Ave (Hwy 40), i.e. Walmart, Home Depot, 40 West Arts District Galleries, etc. Approx 12 minutes to Downtown. Walk score: 79. Bike score: 83. M-C-T zoning allows many uses including offices, medical, retail, club/lodge, community building, mixed use, adaptive reuse (apartments).... 2-story masonry building with 29 park spaces (3.75/1000), asphalt parking lot. YOC: 1964; Renovated/remodeled 2018. Single or multi-tenant. Roof Updating/Replacements: all windows, flooring, electrical panels, lighting & restrooms to energy efficient; membrane roof ~2015. Elevator (currently non-working). Located in State/Jeffco Enterprise Zone, Opportunity Zone and W Colfax Reinvestment Area (Urban Renewal). The property can use a Denver, CO address. REDEVELOPMENT - FUTURE/CURRENT UPSIDE POTENTIAL: TOD ZONING for redevelopment to 8 stories multi-family or mixed use, with possible City/State tax and loan incentives. Possible Seller Carry Financing: new 1st loan - rate and terms to be determined. Competitively priced at $1,296,000 or $151/SF.

FOR SALE DETAILS

PRICE

$1,296,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lakeridge Offices at Wadsworth Station

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,497 SF

ZONING

M-C-T (Lakewood)

APN/PARCEL ID

49-021-06-027

ASK ABOUT THIS PROPERTY

Gail HamiltonCommercial Advisors, LLCMore Info
303-777-2007

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

Gail HamiltonCommercial Advisors, LLCMore Info
303-777-2007

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