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1275 Newland St
Lakewood, CO 80214
Land For Sale
·
0.54 AC
Investment Highlights
- Located within a designated Federal Opportunity Zone
- MRU zoning supports multifamily and mixed-use development
- Existing survey, feasibility study, and prior development plans included
- Adjacent to Lamar Station on the RTD W Line
- Concept plan under review for a 36-unit apartment project
- Positioned between Downtown Denver and established Lakewood neighborhoods
Executive Summary
1275 Newland Street presents an opportunity to acquire a transit-oriented infill development site in Lakewood, Colorado. The property consists of approximately 0.543 acres and is zoned Mixed-Use Residential Urban (MRU), allowing for a range of residential and mixed-use development possibilities. The site is located adjacent to the Lamar Station light rail corridor and benefits from direct access to major transportation routes serving both Lakewood and Downtown Denver.
The offering includes valuable due diligence materials assembled for prior development efforts, including an ALTA survey, previously approved plans for a 14-unit townhome project, a construction budget, and a feasibility study completed in 2022. In addition, a concept plan currently under review contemplates a 36-unit multifamily apartment development. The proposed project includes a four-story residential building with 36 units, tuck-under parking, bicycle parking, open space amenities, and transit-oriented design features. According to project materials, parking requirements may be waived due to the property's proximity to the Lamar Station light rail stop.
The surrounding area continues to benefit from residential investment and redevelopment activity, including numerous multifamily projects completed within the nearby transit corridor. The property's location near Sloan's Lake, the RTD W Line, Downtown Denver, and the Denver Federal Center supports long-term residential demand drivers and connectivity throughout the metropolitan area.
The site is located within a designated Federal Opportunity Zone, which may provide applicable Opportunity Zone tax benefits for qualifying investments. Combined with existing development work and favorable zoning, the property offers a redevelopment opportunity in an established urban infill location.
The offering includes valuable due diligence materials assembled for prior development efforts, including an ALTA survey, previously approved plans for a 14-unit townhome project, a construction budget, and a feasibility study completed in 2022. In addition, a concept plan currently under review contemplates a 36-unit multifamily apartment development. The proposed project includes a four-story residential building with 36 units, tuck-under parking, bicycle parking, open space amenities, and transit-oriented design features. According to project materials, parking requirements may be waived due to the property's proximity to the Lamar Station light rail stop.
The surrounding area continues to benefit from residential investment and redevelopment activity, including numerous multifamily projects completed within the nearby transit corridor. The property's location near Sloan's Lake, the RTD W Line, Downtown Denver, and the Denver Federal Center supports long-term residential demand drivers and connectivity throughout the metropolitan area.
The site is located within a designated Federal Opportunity Zone, which may provide applicable Opportunity Zone tax benefits for qualifying investments. Combined with existing development work and favorable zoning, the property offers a redevelopment opportunity in an established urban infill location.
Property Facts
1 Lot Available
Lot
| Price | $899,500 | Lot Size | 0.54 AC |
| Price Per AC | $1,656,684.20 |
| Price | $899,500 |
| Price Per AC | $1,656,684.20 |
| Lot Size | 0.54 AC |
Transit-oriented MRU-zoned infill site adjacent to Lamar Station. Includes prior development studies and a concept plan under review for a 36-unit multifamily project within a designated Opportunity Zone.
Description
1275 Newland Street is a vacant land parcel in Lakewood, Colorado consisting of approximately 23,651 square feet. The property is zoned Mixed-Use Residential Urban (MRU) and is identified as Lots 1 and 2, Lakewood Block 27. Project materials include a concept plan for a four-story, 36-unit multifamily building with 22 parking spaces. The property is located near Lamar Station and within a Federal Opportunity Zone.
Property Taxes
| Parcel Number | 49-012-14-010 | Improvements Assessment | $0 |
| Land Assessment | $26,213 | Total Assessment | $26,213 |
Property Taxes
Parcel Number
49-012-14-010
Land Assessment
$26,213
Improvements Assessment
$0
Total Assessment
$26,213
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