Office Property in Lakewood Sold Below Average Market Price

An office property located at 7675 West 14th Avenue, Lakewood, zip code 80214, was sold on November 21, 2023. The property sold at a price of $36,140, significantly below the average price of similar properties recently traded in the area.

The commercial property, which embodies a total of 7,164 square feet, was the only one of its kind sold in the 80214 zip area in recent months. This is in contrast to three other office property sales that have taken place recently in Lakewood.

The average trade price for similar properties in Lakewood was $2,761,667, with an average property size of 39,384 square feet. This sums up to an average price per square foot of $70, indicating that the aforementioned property was traded at a considerably lower rate.