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Investment Highlights
- Approximately 5,883-Square-Foot Office Building with Flexible Multi-Tenant or Owner-User Potential
- Immediate Cash Flow from an In-Place Lower-Level Tenant with Future Value-Add Flexibility
Executive Summary
Marcus & Millichap is pleased to present the investment opportunity located at 9580 W 14th Avenue in Lakewood, Colorado. The subject property is a 5,883-square-foot Class C office building situated on a 0.27-acre (11,739-square-foot) parcel. Originally constructed in 1970, the property has benefited from recent upgrades, offering investors a well-maintained office asset with flexibility for a variety of occupancy strategies.
Currently configured as a two-tenant building, the lower level comprises 2,737 square feet and is leased on a short-term basis, generating $2,800 per month in rental income. The existing lease structure provides immediate cash flow while preserving the opportunity for an owner-user or investor to reposition the property as a single-tenant office building.
The property’s spacious upper level features a large open floor plan that enhances appeal to a broad range of professional users seeking adaptable office space. Strategically located near the intersection of Kipling Street and West Colfax Avenue, the property also benefits from a highly accessible location within the Denver metropolitan area. The site is located near an established mix of commercial businesses, retail amenities, and residential neighborhoods, supporting long-term demand for office space. With its combination of in-place income, recent improvements, flexible occupancy options, and desirable Lakewood location, this property presents an attractive opportunity for investors seeking both stable cash flow and future value-add potential.
Currently configured as a two-tenant building, the lower level comprises 2,737 square feet and is leased on a short-term basis, generating $2,800 per month in rental income. The existing lease structure provides immediate cash flow while preserving the opportunity for an owner-user or investor to reposition the property as a single-tenant office building.
The property’s spacious upper level features a large open floor plan that enhances appeal to a broad range of professional users seeking adaptable office space. Strategically located near the intersection of Kipling Street and West Colfax Avenue, the property also benefits from a highly accessible location within the Denver metropolitan area. The site is located near an established mix of commercial businesses, retail amenities, and residential neighborhoods, supporting long-term demand for office space. With its combination of in-place income, recent improvements, flexible occupancy options, and desirable Lakewood location, this property presents an attractive opportunity for investors seeking both stable cash flow and future value-add potential.
Property Facts
Sale Type
Owner User
Property Type
Building Size
5,880 SF
Building Class
C
Year Built/Renovated
1970/2021
Price
$1,095,000
Price Per SF
$186.22
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,089 SF
Building FAR
0.50
Lot Size
0.27 AC
Parking
15 Spaces (2.55 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-032-00-013 | Improvements Assessment | $135,228 |
| Land Assessment | $69,730 | Total Assessment | $204,958 |
Property Taxes
Parcel Number
49-032-00-013
Land Assessment
$69,730
Improvements Assessment
$135,228
Total Assessment
$204,958
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