$824,900

7388 Lowell Boulevard, Westminster, CO 80030  (Sold on )

• Price Reduced
• Open House
• New Listing
• Coming Soon

• 0 BedBeds
• BathBaths
• 3,870 SqftSqft
• TypeCommercial Sale
• Active
• MLS# 6791228

Property Description

7388 -7390 Lowell Blvd is an incredible versatile commercial property located in a highly desirable Westminster Enterprise Zone. Situated on a 0.34-acre lot with a freshly resurfaced parking lot and ample room for trucks, trailers, and equipment, this property is tailor-made for contractors, trade professionals, owner-users, or value-add investors. Enjoy immediate cash flow from existing tenants while retaining flexible options for future owner occupancy or leasing upside. 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