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1300 N King St - King Street Residences 0.44 Acres of Residential Land Offered at $1,650,000 in Denver, CO 80204
Investment Highlights
- Located in a federally designated Opportunity Zone with tax incentives
- One block from Knox Light Rail Station and Colfax & King Bus Stop
- Fully approved 56-unit market-rate development with SDP and 100% DDs
- Exempt from Denver’s EHA ordinance, preserving rental flexibility
Executive Summary
King Street Residences presents a rare shovel-ready multifamily investment opportunity in Denver’s thriving West Colfax neighborhood. Fully entitled and exempt from the city’s Expanding Housing Affordability ordinance, this 56-unit, six-story market-rate project is strategically located just blocks from Sloan’s Lake Park and the Knox Street Light Rail Station, offering unmatched connectivity to downtown Denver and I-25. The site spans 18,270 square feet and benefits from recorded Site Development Plan (SDP) approval and 100% design drawings, streamlining the path to construction.
Positioned within a federally designated Opportunity Zone, investors can capitalize on significant tax advantages while benefiting from Denver’s resilient rental market and strong demographic tailwinds. The surrounding area boasts a median household income exceeding $100,000, with home values averaging over $600,000—creating a high barrier to ownership and sustained demand for quality rental housing.
The property is adjacent to the Westridge Redevelopment Project, a transformative 15-acre initiative by the Denver Housing Authority that will add over 600 new homes and establish King Street as a primary pedestrian corridor. With Denver’s multifamily starts at a ten-year low and construction activity slowing, King Street Residences is uniquely positioned to capture pent-up demand in a supply-constrained market. Multiple investment structures are available, including outright sale, recap/refi, land equity contribution, and joint venture options.
Positioned within a federally designated Opportunity Zone, investors can capitalize on significant tax advantages while benefiting from Denver’s resilient rental market and strong demographic tailwinds. The surrounding area boasts a median household income exceeding $100,000, with home values averaging over $600,000—creating a high barrier to ownership and sustained demand for quality rental housing.
The property is adjacent to the Westridge Redevelopment Project, a transformative 15-acre initiative by the Denver Housing Authority that will add over 600 new homes and establish King Street as a primary pedestrian corridor. With Denver’s multifamily starts at a ten-year low and construction activity slowing, King Street Residences is uniquely positioned to capture pent-up demand in a supply-constrained market. Multiple investment structures are available, including outright sale, recap/refi, land equity contribution, and joint venture options.
Property Facts
| Price | $1,650,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.44 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | G-MU-5 - Commercial | ||
| Price | $1,650,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.44 AC |
| Opportunity Zone |
Yes |
| Zoning | G-MU-5 - Commercial |
1 Lot Available
Lot
| Price | $1,650,000 | Lot Size | 0.44 AC |
| Price Per AC | $3,750,000.00 |
| Price | $1,650,000 |
| Price Per AC | $3,750,000.00 |
| Lot Size | 0.44 AC |
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (79)
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1300 N King St - King Street Residences
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