7105 119th Pl Broomfield, CO 80020-2809

Property Details for 7105 119th Pl

Year built

1953

Construction

WOOD

Lot size

0.24 lot acres

Property size

1,386 SF

Zone code

P-D (J)

Property type

Office Properties & Spaces

APN

171702104004

APU

171702104004

Description

This Broomfield, CO storefront presents a compelling investment opportunity at $419,000. The 1,386 square foot Class B building, constructed in 1953, sits on a 0.24-acre lot (10,542 square feet) and boasts ample parking and storage, including a storage container and two sheds. Currently, the property is approximately 50% vacant, offering potential for an owner-user to occupy a portion while generating income from two existing tenants. One tenant, a massage business, pays $1800 per month gross rent (with a 60-day notice requirement), while a construction tenant pays $130 per month on a month-to-month basis and handles building maintenance. The property features one full bathroom with a shower and two half baths. Recent upgrades include new plumbing, a new HVAC system, and LED lighting. The permitted zoning is P-D (J), allowing for a variety of uses. Estimated 2024 property taxes are $5,754.32. Seller carry terms are available: 25% down, 7% interest-only, 3-year balloon. This property is ideal for an owner-user seeking office space and rental income or an investor looking for a strong return. The property's location at 7105 W 119th Pl, Broomfield, CO 80020, offers convenient access to Broomfield County amenities.