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1391 Ames St - 1391 Ames Street 0.35 Acres of Commercial Land Offered at $975,000 in Lakewood, CO 80214
Investment Highlights
- $27,600 gross annual tenant income
- Walking distance to Sheridan light rail station with direct access to downtown Denver
- Preliminary design completed for 38-unit project with initial city and fire district comments
- On W Colfax Avenue, one of metro Denver's most active residential corridors, and surrounded by established homes, townhomes & mid-density developments
Executive Summary
The current ownership has completed preliminary concept plans for a 38-unit project and has received initial review comments from both the City of Lakewood and the West Metro Fire District, giving a developer a meaningful head start on the entitlement and design process. The property is also located within a Qualified Opportunity Zone, offering potential tax-advantaged investment benefits.
Property Facts
| Price | $975,000 | Proposed Use | Multifamily |
| Sale Type | Investment or Owner User | Total Lot Size | 0.35 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | MRT | ||
| Price | $975,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.35 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | MRT |
1 Lot Available
Lot
| Price | $975,000 | Lot Size | 0.35 AC |
| Price Per AC | $2,785,714.29 |
| Price | $975,000 |
| Price Per AC | $2,785,714.29 |
| Lot Size | 0.35 AC |
1391 Ames Street is a shovel-ready 15,246 SF infill development site in Lakewood, zoned M-R-T to allow apartments, condominiums, or townhomes.
Description
Located at 1391 Ames Street in Lakewood, this 15,246 SF lot sits just south of West Colfax Avenue and within walking distance of the Sheridan light rail station, offering excellent transit connectivity to downtown Denver and the broader metro area. The site is surrounded by a mix of established homes, newer townhome projects, and mid-density residential developments, positioning it well for multifamily or townhome construction. Nearby amenities such as Sloan’s Lake Park, Edgewater Public Market, and neighborhood dining and retail options enhance the appeal of this highly accessible west Denver infill location.
Property Taxes
| Parcel Number | 49-011-11-004 | Improvements Assessment | $16,096 |
| Land Assessment | $15,731 | Total Assessment | $31,827 |
Property Taxes
Presented by
1391 Ames St - 1391 Ames Street
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