Castle Rock, Colorado, offers a unique opportunity for investors to capitalize on the growing demand for office properties in the area. With its strategic location at the junction of Interstate 25 and State Highway 86, Castle Rock is an attractive destination for businesses looking to establish a presence in the region. Office properties in Castle Rock can represent a range of investments, from single-story buildings to multi-story complexes, each offering a unique set of benefits and opportunities. The town's amenities, such as Philip S. Miller Park and the Castle Rock Adventist Hospital, make it an attractive location for businesses and employees alike. Additionally, Castle Rock's proximity to Denver and Colorado Springs provides easy access to major transportation hubs, including Denver International Airport. The town's semiarid climate and stunning natural scenery, with visible landmarks like Dawson Butte and Pikes Peak, make it an appealing location for businesses and residents.
Castle Rock is home to a diverse range of office properties, with 9 listings currently available. The average price per square foot for office properties in Castle Rock is $341 USD, with an average size of 3,602 square feet. The largest office property available in Castle Rock spans 24,980 square feet. In addition to office properties, Castle Rock also offers a range of other commercial real estate options, including commercial properties, apartment buildings, shopping centers, and hotels. For example, the town's historic downtown district features a range of commercial properties, while the Philip S. Miller Park area is home to a variety of apartment buildings. Shopping centers, such as the Outlets at Castle Rock, offer a range of retail options, and hotels, like the Hampton Inn Castle Rock, provide convenient accommodations for visitors. With its unique blend of natural beauty, amenities, and commercial opportunities, Castle Rock is an attractive destination for businesses and investors alike.
What is the average price per square foot for office properties in Castle Rock?
The average price per square foot for office properties in Castle Rock is $341 USD per square foot, with 9 available listings ranging in size from 3,602 square feet to 24,980 square feet, offering a diverse range of options for investors and businesses.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Castle Rock, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties are older, yet still well-maintained, with functional amenities and a more moderate location, appealing to a broader range of tenants and offering a balance between quality and affordability.
- Class C office properties are often older, with fewer amenities and a less desirable location, typically attracting smaller businesses or startups on a tighter budget, and may require renovation or updating.
