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1000 Sheridan Blvd - 30 - 50 Unit Apartment Project 0.19 Acres of Commercial Land Offered at $1,600,000 in Denver, CO 80204
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $1,600,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Property Type | Land | ||
| Zoning | CMX-5 - Mixed Use Commercial | ||
| Price | $1,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.19 AC |
| Zoning | CMX-5 - Mixed Use Commercial |
1 LOT AVAILABLE
Lot 1
| Price | $1,600,000 | Lot Size | 0.19 AC |
| Price Per AC | $8,421,052.63 |
| Price | $1,600,000 |
| Price Per AC | $8,421,052.63 |
| Lot Size | 0.19 AC |
8,373 sf Corner Lot at 10th Ave and Sheridan Blvd across the street from the Sheridan Transit Station.
DESCRIPTION
Code allows construction up to 5 stories. City supports parking reduction given proximity to Sheridan Station Transit and RTD Parking Garage. List price ($1.6 million) is for 1000 N Sheridan only. If someone wants to redevelop the site into a 30 - 50 unit apartment project, they will need to purchase adjacent property (5175 W 10th Ave) as well. Adjacent property is available for $400,000. Purchase individually or combined for price reduction. Sheridan has 31,000 vehicles pass the site on a daily basis. 2 acre parcel diagonal across the street will be redeveloped into approx 300 unit mixed use project which will greatly inflate neighborhood values. Recent nearby project including West Line Village and Traverse Apartments were the starting point. New developments along 10th Ave both East and West are forthcoming. Great long term hold opportunity.
Presented by
Ray Design Development
1000 Sheridan Blvd - 30 - 50 Unit Apartment Project
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