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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4410163
Sold Date 05/30/25
Style Traditional
HOA Y/N No
Year Built 1960
Annual Tax Amount $19,196
Tax Year 2023
Lot Size 10,419 Sqft
Acres 0.24
Property Sub-Type Office
Source recolorado
Property Description
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. Each of the three office suites are uniquely designed with ample natural light, modern finishes, and flexible layouts, ideal for a variety of businesses.The current use is medical for all three tenants. For business owners, the property provides the perfect combination of convenience and opportunity, with the option to occupy one or more suites while generating additional income from the remaining units. Investors will appreciate the ability to increase lease prices to garner a solid cash flow with the added advantage of steady demand for office space in this growing area. Located just off S Public Road, Lafayette's main thoroughfare, 401 E Cleveland Street is steps away from popular coffee shops, boutique retail, and farm-to-table restaurants, enhancing the appeal for tenants and business owners alike. With local parks nearby and easy access to Boulder, Denver, and surrounding areas, this property promises long-term appreciation and stable income in a highly desirable location. Whether you're looking to grow your business or secure a solid investment, this property is a must-see in Lafayette's thriving downtown.
Location
State CO
County Boulder
Zoning OTR Special Use
Interior
Fireplace N
Exterior
Parking Features Asphalt, Concrete
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected
Roof Type Composition
Total Parking Spaces 11
Garage No
Building
Lot Description Corner Lot, Irrigated, Landscaped, Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Frame,Wood Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Keller Williams Preferred Realty
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Cesar Peña
Real Estate Advisor | License ID: FA.100097076
Real Estate Advisor License ID: FA.100097076