Lakewood Retail and Flex Buildings

1420 Garrison St, Lakewood, CO

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For Sale

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Two freestanding buildings near light rail, ideal for owner-user.

Type:RETAIL

Property size:

2,376 SF

Lot size:

0.30 Acres

Price / SF:

$267/SF

HighLights

Prime location on a hard corner next to Safeway and one minute walk to Garrison light rail station.
Two separate freestanding buildings: retail and flex/garage.
Income‑producing flex/garage building currently leased MTM for $1,170/month.
Suitable for owner‑user or investor with live/work potential.
Retail building (1,128 SF) includes HVAC and 6 rooms with reception area.
Flex/garage building (1,248 SF) features a full kitchen and 3 garage bays.

We can help!

Listing Contact

Brandon Langiewicz

Learn more

For Sale

Contact for pricing

Two freestanding buildings near light rail, ideal for owner-user.

Type:RETAIL

Property size:

2,376 SF

Lot size:

0.30 Acres

Price / SF:

$267/SF

Added:: Dec 27, 2023
Days on Market:: 905
Last Refresh:: May 19 at 10:41 pm

Property Features for 1420 Garrison St

General Information

Standard status: Active
Size: 2,376 SF
Lot size: 0.30 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Brandon Langiewicz

Listing agent Brandon Langiewicz License #FA100088653

Listing office Hoff & Leigh

Listing date Dec 27, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Hoff & Leigh

HighLights

Prime location on a hard corner next to Safeway and one minute walk to Garrison light rail station.
Two separate freestanding buildings: retail and flex/garage.
Income‑producing flex/garage building currently leased MTM for $1,170/month.
Suitable for owner‑user or investor with live/work potential.
Retail building (1,128 SF) includes HVAC and 6 rooms with reception area.
Flex/garage building (1,248 SF) features a full kitchen and 3 garage bays.

Overview

Located in Lakewood, this property features a retail building and a flex building situated on the corner of Garrison Street and 14th Avenue, adjacent to a Safeway grocery store and a one-minute walk from the Garrison light rail station. The property includes two separate freestanding buildings. The retail building at 1420 Garrison Street offers 1,128 square feet of space, equipped with HVAC, six rooms, one bathroom, a reception area, an attic, and a crawl space. Currently, this building is occupied by a tattoo business. The flex/garage building at 1420-B Garrison Street provides 1,248 square feet of space, featuring a full kitchen, one bathroom, three garage bays, and ample storage. This flex building is currently leased month-to-month for $1,170 per month. The property is suitable for either an owner-user or an investor, with potential for live/work arrangements.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$49.9k	$21.00
− Vacancy	−$4.2k	−$1.79
EGI	$45.7k	$19.22
− OpEx	−$13.7k	−$5.76
NOI	$32.0k	$13.45

2,376 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$456.5K

$399.5K – $532.6K (±1% cap)

NOI $31,958 @ 7.0% cap · market cap 5.03%

Second Best

Flex RnD

$282.5K

$247.2K – $329.6K (±1% cap)

NOI $19,775 @ 7.0% cap · market cap 3.11%

Theoretical Best

Office A

$711.7K

$622.7K – $830.3K (±1% cap)

NOI $49,816 @ 7.0% cap · market cap 7.85%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Retail space

Map

City: Lakewood
County: Jefferson
State: Colorado
Longitude: -105.108
Latitude: 39.7776

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For sale
Retail space
CO
Lakewood
1420 Garrison St

What type of property is this?

Retail space - Two freestanding buildings near light rail, ideal for owner-user.

Where is this retail space located?

The property is located at 1420 Garrison St Lakewood, CO.

What is the asking price?

The asking price for this property is $635,000.

What are key features of this property?

This property features: Prime location on a hard corner next to Safeway and one minute walk to Garrison light rail station.; Two separate freestanding buildings: retail and flex/garage.; Income‑producing flex/garage building currently leased MTM for $1,170/month.

1420 Garrison St, Lakewood, CO

Two freestanding buildings near light rail, ideal for owner-user.

Property Features for 1420 Garrison St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Map

Nearby Similar for Sale

Two-Story Retail Strip Center

Lakewood Commercial Property on Colfax

Lakewood Retail Opportunity on Wadsworth

Lakewood Freestanding Building For Sale

Corner Freestanding Building in Lakewood

Applewood Townhomes: Spacious Three-Bedroom Units

Kipling Village Professional Center

Multi-Tenant Asset on Colfax Avenue

Garrison West Office Space

Lakewood Office Space Available

Retail Building in Safeway Center

Dental Office in Lakewood, CO

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