715 Kipling St - Hospitality FOR SALE


Lakewood, CO 80215- Eiber
$11,500,000 USD
303-962-9555
715 Kipling St, Lakewood, CO for Sale
$11,500,000 USD
Hospitality - FOR SALE
1/28
null | 3.13% Cap Rate

715 Kipling St
Lakewood, CO 80215
Eiber


HIGHLIGHTS

  • Excellent Conversion Opportunity to Multifamily
  • Located in an Opportunity Zone
  • Recent Capital Improvements Include Newer Boiler & Roof
  • Priced Below Comparable Properties & Replacement Cost
  • Good Mix of Studios, 1Bd/1Ba & 2Bd/1Ba Units
  • Walk to Public Transportation, Restaurants, Retail and Places of Employment

OVERVIEW

Property currently operated as an Extended Stay with excellent potential to be converted to multifamily. The City of Lakewood has expressed support of the conversion idea and the asset is located in a strong rental market. Reach out to broker for more details.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$144 USD /SF

# OF ROOMS

147

PRICE/ROOM

$78,231 {currency}

CAP RATE

3.13%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HomeTowne Studios Denver Lakewood West

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1971

PARKING SPACES

149

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

C-R

APN/PARCEL ID

49-044-00-002

ASK ABOUT THIS PROPERTY

Josh NewellPinnacle Real Estate AdvisorsMore Info
303-962-9555

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Josh NewellPinnacle Real Estate AdvisorsMore Info
303-962-9555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.