421 Zang St — Sale in Lakewood, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Lakewood, CO 80228
  • Year built: 1988

Photos

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Description

The Kramer Group of Marcus & Millichap is pleased to present 421 Zang Street, a ±35,010 SF single-tenant medical office building positioned on an expansive 8.5-acre site (±370,260 SF) in the heart of Lakewood, Colorado. The property offers a unique combination of functional existing improvements, zoning flexibility, and covered land value, making it an outstanding owner-user, redevelopment, or investment opportunity in one of the Denver metro’s most dynamic growth corridors. The current owner is open to entering into a short-term leaseback agreement during their relocation process, thereby providing the purchaser with a defined period of income generation. Investment Highlights: • Zoned M-E-S (Mixed-Use Employment Suburban), it permits a wide range of uses, including but not limited to: Medical facilities, Multi-housing developments, Schools, Hotels, Churches • The site's zoning flexibility and existing infrastructure make it a valuable asset for businesses, developers, or community projects • The current tenant is willing to sign a short-term leaseback

Market Context

This office in Lakewood, CO is listed for sale. The building dates to 1988. Compare it against other office listings for sale in Lakewood, CO — view the full market.

As of Q1 2026, the Denver office market showed a 27.1% vacancy rate, average asking rents near $34.13/SF/yr, and rents up 0.7% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Denver office market tightening or softening?
Vacancy is around 27.1%, with asking rents rising year over year (Q1 2026).

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