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6890 Lowell Blvd - Lowell Mini Storage 11,952 SF Specialty Building Offered at $2,650,000 at a 2.56% Cap Rate in Denver, CO 80221
INVESTMENT HIGHLIGHTS
- Contact Broker for Pricing and Information on Development Opportunity
- Land Use Assumptions Below: *Assumptions are Based off Discussions with the City of Westminster
- Rezone to General Neighborhood Mixed Use - Zoning allows for Single Family, Townhomes, or Multi-Family
- +/- 4 Acres Between 5 Parcels
- Annexation into Westminster - already a stated goal within the city’s comp plan
- Ability to go up Four (4) Stories with Eighteen (18) Dwelling Units/Acre (Higher Density Possible
EXECUTIVE SUMMARY
Transit-Oriented Covered Land Play: High-quality infill location with a quick path to entitlements, all generating stable self-storage income. Assemblage Opportunity: Ability to acquire adjacent parcels and control a contiguous site of approximately ±4 acres. Strong Upside in Income: Significant opportunity to increase revenue through lease-up of vacant units and management optimization. High Barriers to Entry: Limited availability of comparable land parcels in the immediate area enhances long-term value at scale - see page 2 for assemblage opportunity. Annexation & Redevelopment Potential: Property can be annexed into the City of Westminster, unlocking zoning that allows up to ±18 units per acre, creating a highly desirable for-sale or for-rent housing community. Contact Brokers for path to entitlements.
PROPERTY FACTS
| Price | $2,650,000 | Lot Size | 1.90 AC |
| Price Per SF | $221.72 | Building Size | 11,952 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 2.56% | Year Built | 1965 |
| Property Type | Specialty | Clear Ceiling Height | 10’ |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | C-5 | ||
| Price | $2,650,000 |
| Price Per SF | $221.72 |
| Sale Type | Investment or Owner User |
| Cap Rate | 2.56% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 11,952 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Clear Ceiling Height | 10’ |
| Opportunity Zone |
Yes |
| Zoning | C-5 |
1 1
PROPERTY TAXES
| Parcel Number | 1825-05-2-00-010 | Improvements Assessment | $17,500 |
| Land Assessment | $268,350 | Total Assessment | $285,850 |
PROPERTY TAXES
Parcel Number
1825-05-2-00-010
Land Assessment
$268,350
Improvements Assessment
$17,500
Total Assessment
$285,850
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6890 Lowell Blvd - Lowell Mini Storage
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