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Executive Summary
Acquire a well-located commercial property in Lakewood with an established long-term tenant in place and flexible future control of the property. The current tenant, Denver Area Rugs, has occupied the location for many years and operates a well-known regional showroom from the site.
The existing lease includes termination provisions, providing a new the ability to either maintain the income stream or reposition the property for owner-occupancy, redevelopment, or re-leasing.
The existing lease includes termination provisions, providing a new the ability to either maintain the income stream or reposition the property for owner-occupancy, redevelopment, or re-leasing.
Property Facts
Sale Type
Owner User
Property Type
Retail
Building Size
3,023 SF
Building Class
C
Year Built
1961
Price
$775,000
Price Per SF
$256.37
Building Height
1 Story
Building FAR
0.06
Lot Size
1.09 AC
Zoning
M-N-S
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-262-00-018 | Improvements Assessment | $98,994 |
| Land Assessment | $69,801 | Total Assessment | $168,795 |
Property Taxes
Parcel Number
49-262-00-018
Land Assessment
$69,801
Improvements Assessment
$98,994
Total Assessment
$168,795
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7895 Morrison Rd
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