5985 Lamar St, Arvada, CO 80003
10,620 SF | Vacant | Industrial Building | Arvada, CO 80003 | $2,600,000 ($245/SF) | 4.09% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,600,000
- Property Type
-
Industrial
- Price / Square Foot
- $245
Listing Contacts
Mikhail Tevs
Verified Profile
- Property Info
Property Overview
Explore the exceptional commercial and industrial opportunities at 5985 Lamar St, Arvada, CO 80003. This versatile property features 7 well-maintained units, each with its own drive-in bay, ideal for owner-occupiers and investors. The building encompasses 11,132 sq ft, including lofts for ample storage. The owner occupies 4 units, while 3 units are rented out on a month-to-month lease, providing flexibility for the new owner. Units E, F, and G feature 16 ft ceilings, offices, and a total of 5,500 sq ft that can be used together or separately, with Unit E including a 12x14 drive-in garage bay and loft, Unit F an 11x12 drive-in garage bay, and Unit G a 10x12 drive-in garage bay. Units A, B, C, and D offer 10 ft ceilings, offices, 10x9 drive-in garage bays, and flexible areas, with Unit A at 2,060 sq ft including a Bananza Unit which is a controlled ventilation spray booth making it a move in ready shop for painters Appx $80,000 value. Units B and C at 990 sq ft each with 1 bathroom, and Unit D at 1,080 sq ft with 1 bathroom. The property includes 25 parking spots and RV parking, located just 1.2 miles from Highway 76 and 2.4 miles from I-70, with downtown Denver 8 miles or a 20-minute drive away. The property can be gated for enhanced security. Offices have been recently renovated, and the building is move-in ready, reducing downtime and additional costs. This commercial property offers unparalleled flexibility with the option to occupy part of the space while generating rental income from other units. The strategic location, combined with the property's features and current tenant flexibility, makes 5985 Lamar St a prime opportunity for businesses looking to expand or investors seeking a valuable asset. Seize this chance to acquire a well-positioned industrial property in a thriving area. Schedule a viewing today to explore the potential of 5985 Lamar St and envision your business thriving in this dynamic space.
Property Details
- Class
- C
- Year Built
- 1971
- Stories
- 2
- Property Subtype
- Distribution, Manufacturing, Service
- Lot Size (sq. ft)
- 34,848 SF
Highlights
- Versatile and Spacious Units: The property features 7 well-maintained units with drive-in bays and lofts, offering ample storage.
- Units E, F, and G have high 16 ft ceilings and offices, totaling 5,500 sq ft.
- Owner user/Investment: The strategic layout allows units to be used together or separately, catering to both owner-occupiers and investors.
- Located just 1.2 miles from Highway 76 and 2.4 miles from I-70, and only an 8-mile or 20-minute drive to downtown Denver.
- Includes 25 parking spots, RV parking, and can be gated for enhanced security.
- MOVE IN READY: Recent renovations and move-in readiness reduce downtime and additional costs, making it an attractive investment in a thriving area.
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