Office for Sale in Lakewood, CO

  • Price: $5.2M
  • Listing type: For sale
  • Asset type: Office
  • Location: Lakewood, CO 80215
  • Size: 46,712 SF

Description

Prime Commercial Opportunity in the Heart of Lakewood - 8646-8790 W Colfax Ave. Discover a rare opportunity to own three distinct properties on W. Colfax Avenue, one of Lakewood's most sought-after commercial corridors. Situated on 3.6 acres of land with 46,712 square feet of office and retail multi-tenant spaces, this offering boasts unparalleled exposure and accessibility, attracting high foot and vehicle traffic. With 412 feet of prime frontage on Colfax Avenue and close proximity to the Charles Whitlock Recreation Center, these properties are ideally positioned for visibility and convenience. This is a unique redevelopment opportunity, perfect for visionary investors looking to make their mark in the bustling Lakewood community. This is not only a rare redevelopment opportunity but could also be an excellent fit for buyers looking to utilize/update/remodel the existing buildings. With a dynamic mix of office and retail. With existing tenants in place, and the opportunity to lease to complete occupancy, these properties offer immediate income potential, making them an ideal investment for those looking to establish or expand their presence in the area. Building SF: 46712 | Land Size: 3.6 Ac | Listing Type: FOR SALE

Market Context

This office in Lakewood, CO is listed for sale at $5,150,000 across 46,712 SF ($110/SF). It has been on the market for 38 days. Compare it against other office listings for sale in Lakewood, CO — <a href="/search/sale/office/colorado/lakewood">view the full market</a>.

As of Q2 2017, the Denver office market showed average asking rents near $8.40/SF/yr. Source: Consensus Q2 2017 market report.

Unified Estimate

Very Low Confidence

$117.63/SF – $159.14/SF

Mid: $138.39/SF

Total estimate for 46,712 SF: $6,464,474

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market cleveland (similarity: 97%) with 15 comparable listings.

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