1805 Kipling ST Active

Lakewood,CO 80215

$ 2200000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 8423070

Year Built 1976

Annual Tax Amount $28,435

Tax Year 2023

Lot Size 0.910 Acres

Property Description

New tenant or owner can occupy 253-7051sf. 65% occupied -- option to downsize to 40% occupied to allow for SBA financing.

New breezeway, roof, and sky lights -2017/2018
New water heater -2023
ADA accessible (first floor)
Employee shower
Large basement for file storage (not included in RBA)
Masonry construction

Since purchasing in 2009, this property has been owned and occupied by multiple successful medical practitioners. The lease terms presented here detail their commitment to maintain tenancy after closing, with 3% annual escalations, and are flexible to fit the needs of the future owner. The building has medical infrastructure for reception, plumbing, and file storage, and also welcomes general office users.

All common areas are currently generating income, and offer potential for additional tenancy. The proforma included herein reflects income from 65% occupancy of the property. A new user is able to secure additional occupancy and SBA eligibility by absorbing common conference and work space.

Located between Downtown Denver and the western foothills, this sale offers a unique opportunity for a medical office user and/or value-add investor to acquire income property in the high-demand Crown Hill submarket.

Location

State CO

County Jefferson

Zoning OF, Lakewood

Exterior

Parking Features Asphalt

Utilities Available Electricity Connected,Internet Access (Wired),Phone Connected

Building

Lot Description Cul-De-Sac

Sewer Public Sewer

Water Public

Structure Type Brick,Cement Siding,Concrete,Wood Frame

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

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