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3870ft2 - Freestanding Office Building for Sale - Great for Contractors (Westminster)
7388 Lowell Blvd, Westminster, CO 80030
7388 Lowell Blvd
3870ft2
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Office Building Property Highlights & Capital Improvements (7390 Lowell)
Main Commercial Building (3,150 Total SF)
Layout: 1,575 SF main floor office space + 1,575 SF finished basement
Construction & Upgrades: Originally built in 1945; extensively renovated in 2013
Power: Equipped with 220V power service
HVAC Systems:
Dual furnace and A/C units (1st unit/furnace replaced 04/2016; 2nd A/C unit replaced 09/2019)
Roof: Replaced Summer 2018
Detached Residential Property Highlights & Capital Improvements (7388 Lowell)
Layout: Standalone 720 SF residence ideal for rental income or an on-site manager
Upgrades: Originally built in 1955; renovated in 2014
Lease Status: Currently rented at $1,300/month gross on a flexible month-to-month basis
Roof: Replaced in 2015
Replaced, updated furnace
Key Financials & Current Income Stream
Total Current Monthly Gross Income: $4,650 / month ($55,800 / year annualized)
Main Building Upper Level (1,575 SF): $2,800 / month FSG (Leased through 8/1/2027)
Main Building Finished Basement (1,575 SF): $550 / month FSG (Month-to-Month)
Detached Residential House (720 SF): $1,300 / month FSG (Month-to-Month)
Annual Property Taxes: $11,369.40
Tax Incentive Zone: Located in an official Colorado Enterprise Zone, offering potential business tax credits and financial incentives.
Seller Financing Terms for a Qualified Buyer
As low as 4% Interest Rate
As long as 25 year amortization
As long as 3 - 5 Year Term
At least 20% down payment