Property Listing No Longer Available for Sale

1057 Park Street, Castle Rock, CO

Office for Sale - $1,100,000 - 9,550 Sq. Ft. on 0.82 acres


Property Info

CIMLS#877009
Location
  1057 Park Street
  Castle Rock CO 80109
UpdatedOctober 29th, 2016
TypeOffice
Price$1,100,000
Building9,550 Sq. Ft.
Land0.82 acres

Property Description

Prime investment opportunity in Castle Rock. Almost fully leased retail/office building just off of Wolfensberger & Park in the Wolfensberger North Zoning Overlay District. There is just short of 8700 rentable sf. on two levels. The main level of the building is 4500 sf and is configured as retail with two ADA restrooms and current occupant is retail/wholesale flower operation with upside lease potential. The second level consists of three open office areas of 1416, 1416, & 1320 sf. each with its own restroom. The space is built out for office or fitness use and includes commercial grade carpet and tile floors, and acoustic tile ceilings throughout. Each space on the second floor has their own front and rear doors. The front doors for all the spaces are accessed through a shared vestibule. Current occupants on second floor includes two fitness operations with upside lease potential and one space that can be office or fitness use. Building is of mixed masonry and metal frame construction. Cap rate based on proforma is 7.70%

Location Description:

Park St. & Wolfensberger Rd.


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