$1,650,000
Incredible live-work opportunity in a prime, highly visible location in Downtown Castle Rock.
The building was originally constructed in 1925 and was extensively remodeled in 2010 with the inclusion of a luxury 2-bed apartment on the top floor. It’s a professional building with great curb appeal and high-end finishes.
The total square footage is around 4,277, spread over three stories and a converted garage. The property has multiple suites, with separate utilities for each, and features kitchenettes and numerous restrooms. The 499 sq ft garage has been converted to a one-half bath +kitchenet office.
The luxury apartment with two bedrooms on the top floor allows for a live-work setup. This could also be converted into additional office space.
The property is situated in the historic downtown core of Castle Rock. It is within a short walking distance of many other retail shops, restaurants, and amenities.
There is ample free surface parking available, both on-site and along Elbert Street.
Business owner can leverage this flexible property in several ways:
Owner-occupied business: An owner could operate a commercial business out of the main floor and live upstairs.
Mixed-use investment: A business owner could occupy one of the commercial suites while leasing out the remaining commercial and residential units. With multiple suites and separate utilities, the property can function as an income-producing asset.
Multiple commercial tenants: The property could be fully leased to several commercial businesses, with the potential for expansion by converting the residential unit. The existing layout with multiple restrooms and kitchenettes makes it easy to subdivide.
Medical or office space: With its history as a medical office building, the space is well-suited for a professional practice.
9386416
MLS
422 Elbert Unit A, B. C & D, Castle Rock
