Lakeridge Offices at Wadsworth Station 7400 W 14th Ave 8,586 SF 15% Leased Office Building Denver, CO 80214 $1,797,293 CAD ($209.33 CAD/SF)
INVESTMENT HIGHLIGHTS
- Location adjacent Wadsworth Station at West Line of Light Rail. Easy access to interstates, highways, Downtown Denver, W Colfax & Belmar Shopping.
- Located in Jeffco and CO State Enterprise Zone. State Tax Credits exist.
- Possible Lease with Option to Purchase.
- Remodeled and Updated in 2018. 8,586 SF OFFICES on .47 acre with fenced parking lot, double-gated. Flexible M-C-T (TOD) zoning, allows many uses.
- Possible Seller Carry Financing (new 1st loan) with approved credit.
EXECUTIVE SUMMARY
NEW LISTING! Location! Location! Location! Office Building 8,586 SF on 20,497 SF parcel (.47 acre) adjacent to RTD West Line, Light Rail Station at 14th & Wadsworth. Within two blocks of buslines and major retail centers and numerous restaurants on W Colfax Ave (Hwy 40), i.e. Walmart, Home Depot, 40 West Arts District Galleries, etc. Approx 12 minutes to Downtown. Walk score: 79. Bike score: 83.
2-story building with 29 park spaces (3.75/1000), asphalt parking lot. YOC: 1964; Renovated/remodeled 2018. Roof: membrane, modified bitumen, ~ 10 yrs old.
Updating/Replacements: all windows, flooring, electrical panels, lighting & restrooms to energy efficient. Elevator (currently non-working).
Located in State/Jeffco Enterprise Zone, Opportunity Zone and W Colfax Reinvestment Area (Urban Renewal). The property can use a Denver, CO address.
REDEVELOPMENT - FUTURE/CURRENT UPSIDE POTENTIAL: TOD ZONING for redevelopment to 8 stories multi-family or mixed use, with possible City/State tax and loan incentives.
Possible Seller Carry Financing: new 1st loan - rate and terms to be determined. Competitively priced at $1,296,000 or $151/SF.
2-story building with 29 park spaces (3.75/1000), asphalt parking lot. YOC: 1964; Renovated/remodeled 2018. Roof: membrane, modified bitumen, ~ 10 yrs old.
Updating/Replacements: all windows, flooring, electrical panels, lighting & restrooms to energy efficient. Elevator (currently non-working).
Located in State/Jeffco Enterprise Zone, Opportunity Zone and W Colfax Reinvestment Area (Urban Renewal). The property can use a Denver, CO address.
REDEVELOPMENT - FUTURE/CURRENT UPSIDE POTENTIAL: TOD ZONING for redevelopment to 8 stories multi-family or mixed use, with possible City/State tax and loan incentives.
Possible Seller Carry Financing: new 1st loan - rate and terms to be determined. Competitively priced at $1,296,000 or $151/SF.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
8,586 SF
Building Class
B
Year Built/Renovated
1964/2018
Price
$1,797,293 CAD
Price Per SF
$209.33 CAD
Percent Leased
15%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,293 SF
Slab To Slab
11’
Building FAR
0.42
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
M-C-T (Lakewood) - Mixed Use-Core-Transit/TOD. High density allowed. Many uses possible: general offices, retail, club/lodge, community bldg, adaptive reuse (apts)....
Parking
29 Spaces (3.38 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Commuter Rail
- Fenced Lot
- Signage
- Kitchen
- Bicycle Storage
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 49-021-06-027 | Improvements Assessment | $5,261 CAD |
| Land Assessment | $7,085 CAD | Total Assessment | $12,345 CAD |
