Building Details

Year Built 1971

Listing Agency: Pinnacle Real Estate Advisors j***@pinnaclerea.com Show Phone

Listed By: Josh Newell · License #CO FA100001439

Source: Crexi

Added: Nov 27, 2023 Changed: Jul 6 Last Checked: Jul 29 at 5:00PM

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Investment Insights

Based on property information with market context.

Located in Lakewood, Colorado, this property presents an opportunity for apartment conversion. Currently operating as an extended stay facility, the property includes 147 units. The building has a total area of 80,120 square feet. The property offers potential for conversion to multifamily use.

Key Highlights

• Significant $1,250,000 price reduction.
• 147‑unit apartment conversion opportunity.
• Located in Lakewood, CO.

Property Analytics

Property Profile

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Furniture & Home Goods Florist Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

575

Businesses Nearby

Explore this area Business Placement

Demographics for 80215, CO

19,908

Population

9,156

Households

2.2

Avg Household Size

42

Median Age

49%

College-Educated

97%

High-School Grad

5.5 sq mi

ZIP Area

3,620

Density / Sq Mi

$85,017

Median Household Income

$49,100

Median Earnings

$1,728

Median Rent

$615,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - 147-unit property in Lakewood, Colorado, with conversion potential.

Where is this apartment building located?

The property is located at 715 Kipling St Lakewood, CO.

What is the asking price?

The asking price for this property is $10,250,000.

What are key features of this property?

This property features: Significant $1,250,000 price reduction.; 147‑unit apartment conversion opportunity.; Located in Lakewood, CO.