401 E Cleveland St
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401 E Cleveland St
3,453 SF Office Building Lafayette, CO 80026 $1,450,000 ($420/SF)
Investment Highlights
- Versatile 3-Suite Layout: Offers flexibility for owner-occupiers or investors with multiple suites that can be customized for various business needs.
- Turnkey Investment: 3 suites with tenants on month to month provides it a great opportunity for investors seeking an income-generating asset
- Prime Downtown Location: Situated in the heart of Lafayette, surrounded by hip coffee shops, boutiques, and restaurants, ensuring strong foot traffic
Executive Summary
Prime Commercial Office Building in Bustling Downtown Lafayette --
Welcome to 401 E Cleveland Street, a rare opportunity to own or invest in a well-maintained, 3-suite commercial office building located in the heart of Lafayette’s vibrant downtown. This versatile property offers significant potential for both owner-occupiers and investors alike.
Building Features:
3 Office Suites: Each suite is uniquely designed with ample natural light, modern finishes, and functional layouts, offering flexibility for a variety of business types.
Owner-User Potential: For business owners seeking a convenient and central location, one or more of the suites can easily be tailored to fit your needs while generating additional income from the other units.
Investor-Ready: Existing tenants are on a month-to-month with the potential for providing immediate cash flow for investors. With steady demand for office space in this growing area, this property promises long-term appreciation and stable income.
Location, Location, Location: Positioned just off S Public Road, Lafayette’s main thoroughfare, 401 E Cleveland Street is steps away from some of the town’s hottest spots. Enjoy being within walking distance to popular coffee shops, trendy retail boutiques, and farm-to-table restaurants that draw foot traffic and enhance the work-life balance. The building is also conveniently located near local parks and offers easy access to Boulder, Denver, and surrounding areas.
Whether you're looking to grow your business in a prime location or secure a solid investment, this property is a must-see in Lafayette’s thriving downtown.
Welcome to 401 E Cleveland Street, a rare opportunity to own or invest in a well-maintained, 3-suite commercial office building located in the heart of Lafayette’s vibrant downtown. This versatile property offers significant potential for both owner-occupiers and investors alike.
Building Features:
3 Office Suites: Each suite is uniquely designed with ample natural light, modern finishes, and functional layouts, offering flexibility for a variety of business types.
Owner-User Potential: For business owners seeking a convenient and central location, one or more of the suites can easily be tailored to fit your needs while generating additional income from the other units.
Investor-Ready: Existing tenants are on a month-to-month with the potential for providing immediate cash flow for investors. With steady demand for office space in this growing area, this property promises long-term appreciation and stable income.
Location, Location, Location: Positioned just off S Public Road, Lafayette’s main thoroughfare, 401 E Cleveland Street is steps away from some of the town’s hottest spots. Enjoy being within walking distance to popular coffee shops, trendy retail boutiques, and farm-to-table restaurants that draw foot traffic and enhance the work-life balance. The building is also conveniently located near local parks and offers easy access to Boulder, Denver, and surrounding areas.
Whether you're looking to grow your business in a prime location or secure a solid investment, this property is a must-see in Lafayette’s thriving downtown.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$19,196
|
$5.56
|
| Operating Expenses |
$2,700
|
$0.78
|
| Total Expenses |
$21,896
|
$6.34
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $19,196 |
| Annual Per SF | $5.56 |
| Operating Expenses | |
|---|---|
| Annual | $2,700 |
| Annual Per SF | $0.78 |
| Total Expenses | |
|---|---|
| Annual | $21,896 |
| Annual Per SF | $6.34 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,453 SF
Building Class
B
Year Built/Renovated
1960/2014
Price
$1,450,000
Price Per SF
$420
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,453 SF
Building FAR
0.33
Land Acres
0.24 AC
Opportunity Zone
Yes
Zoning
OTR Special Use - Property sits in City of Lafayette Old Town Residential District and is medical with special use that allows continued use. Also Res possible.
Parking
11 Spaces (3.18 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Kitchen
- Reception
- Storage Space
- Basement
- Central Heating
- Common Parts WC Facilities
- Natural Light
- Partitioned Offices
- Monument Signage
- Air Conditioning
- Smoke Detector
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 1575022-18-006 | Total Assessment | $220,410 |
| Land Assessment | $0 | Annual Taxes | $19,196 ($5.56/SF) |
| Improvements Assessment | $108,810 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
1575022-18-006
Land Assessment
$0
Improvements Assessment
$108,810
Total Assessment
$220,410
Annual Taxes
$19,196 ($5.56/SF)
Tax Year
2024 Payable 2024
-
Andrea Price -
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401 E Cleveland St
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