1805 Kipling St Lakewood, CO 80215-2873

Property Details for 1805 Kipling St

Year built

1976

Construction

STEEL FRAME

Lot size

0.85 lot acres

Property size

9,201 SF

Property type

Medical offices

Property subtype

Medical centers

APN

39-334-01-014

APU

3933401014

Description

This exceptional 10,800 square foot office building, situated on a 0.91-acre lot at 1805 Kipling Street in Lakewood, Colorado's desirable Crown Hill submarket, presents a compelling investment opportunity. Currently 65% occupied, the property offers immediate income generation with existing leases featuring 3% annual escalations. A new owner or tenant can occupy between 2,531 and 7,051 square feet, with the flexibility to downsize to 40% occupancy to qualify for SBA financing by absorbing common areas. Recent upgrades include a new breezeway, roof, and skylights (2017/2018), and a new water heater (2023). The building boasts ADA accessibility on the first floor, an employee shower, and a large basement for file storage (not included in the rentable building area). Constructed of masonry, this property has a history of successful medical practitioner occupancy since 2009. The existing medical infrastructure, including specialized plumbing and reception areas, is readily adaptable for general office use. All common areas currently generate income and offer potential for increased tenancy. The provided proforma reflects income based on 65% occupancy. Strategically located between Downtown Denver and the western foothills, this property offers a unique blend of immediate income and value-add potential for both medical office users and investors seeking a high-demand location.

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Longitude

-105.11

Latitude

39.7458

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments