Listed By:
Berkshire Hathaway HomeServices Colorado Real Estate, LLC;
Address
3969 E Arapahoe Road, Centennial, CO
Price
$ 1,100,000
Property Attributes
  • MLS#8316507
  • TypeCommercial
  • Listing Status Active
  • CountyARAPAHOE
  • CityCentennial
  • Zip80122
  • StyleContemporary
  • Year Built1982
  • Taxes$ 24743
  • Price$ 1,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5798
  • Lot Size0.06 Acres
Data Source:
REColorado (MTOMLS)
Property Description

Premier Luxe Property Group, LLC is please to exclusively offer this Commercial Office Investment Opportunity at 3969 E Arapahoe Rd, Centennial, CO 80122. The office building is 5,798 s.f. on three levels above grade and has a 1,398 s.f. unfinished basement. The building is situated on a 2,737 s.f. lot just one half block south of Arapahoe Rd. The building is currently owned by Ridgeline Development, LLC. At the present time 10 of the 12 office suites are rented on primarily 1 year leases. The tenants pay gross rents and landlord pays for building expenses including utilities, internet, janitorial, and phone. Potential value add for the property is turning the basement space into storage for rent.

Price History
11/14/2025 Listed $1,250,000
6/3/2026 12$1,100,000

General Features

Sewer Public Sewer
Utilities Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected
Possession Closing/DOD
Roof Composition
Zoning BP-35
Architectural Style Contemporary
Security Features Fire Alarm,Key Card Entry
Construction Materials Brick
Exclusions Seller's and Tenant's Personal Property
Year Built 1982
Electric 110V
Stories Count 3
Property Subtype Office
Tax Year 2024
Current Use Commercial,Office
Gross Income 124014
Building Name Strawberry Business Park
County Arapahoe
Operating Expense 74282
Property Type Commercial Sale
Attached Garage No
Building Features Common Area Boardroom
Status Active
Directions Arapahoe Rd to Colorado Blvd,turn north and property is on left. Building 3969
City Centennial
Number Of Units Total 12
Lot Size Units Square Feet
Lot Size Square Feet 2737
Listing Terms Cash,Conventional
Tax Annual Amount 24743
NumberOfUnitsVacant 2
Leasable Area 3543
Lease Considered Y/N No
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Tenant
Cap Rate 4.96

Exterior Features

Parking Features Asphalt
Lot Features Landscaped
Water Source Public
Total Parking 7
Lot Size Area 2737
Building Area Total 5798
Lot Size Acres 0.06
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80122

Price
AVG $1.1M
$1.1M
Taxes
AVG $24,743
$24,743
Year Built
AVG 1982
1982
Visits
AVG 221
220
Data Provided by Inside Real Estate®