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1650 Upper Apex Rd - Foothills Development Opportunity 41 Acres of Commercial Land Offered at $1,200,000 in Black Hawk, CO 80422
INVESTMENT HIGHLIGHTS
- Incredible views of Continental Divide
- 1 mile walk to downtown Central City
- 0.5 mile walk to National Forest Lands
- Strong local demand for housing
- 1 mile walk to Central City Reservoir
EXECUTIVE SUMMARY
- Intense housing demand pressures both locally for casino workers and more broadly for Front Range workers/residents
- Slope/topo is relatively flat for mountain property, and no area is undevelopable due to topo constraints
-Electricity to the property already with water and other infrastructure being along Upper Apex Road
- Past 24-month trailing sales data on the townhomes next door
- Average sale price of $480k | Average unit size of 1,887 SF | Townhomes were built in 2008
PROPERTY FACTS
| Price | $1,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 41.00 AC |
| Property Type | Land | ||
| Zoning | Resource Residential | ||
| Price | $1,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 41.00 AC |
| Zoning | Resource Residential |
1 LOT AVAILABLE
Lot
| Price | $1,200,000 | Lot Size | 41.00 AC |
| Price Per AC | $29,268.29 |
| Price | $1,200,000 |
| Price Per AC | $29,268.29 |
| Lot Size | 41.00 AC |
Large assemblage of land parcels on the west side of Central City. Can build 13 homes by-right in the County, but may be able to get annex into Central City for significantly denser zoning - Townhome development next door was built out 10 units/ac.
DESCRIPTION
Zoning (Current): Resource Residential (see important links for more details) • Potential for Rezoning • Can build 13 homes by-right in the County, but there is the option to annex into Central City for significantly denser zoning • Townhome development next door was built out at a density of 10 units/acre and has steeper topo • Central City future plans call for this general area to "Promote both active and passive recreation opportunities" as well as envisioning that "Some of the area could be developed to support commercial and residential development" Property Highlights • 20 min walk to downtown Central City with great casinos, shops, and restaurants • 20 min walk to Central City Reservoir (CPW designated Gold Medal fishing) • 10 min walk to Arapahoe National Forest with 1000s of square miles of untamed wilderness • Quick access to Denver metro (45 min drive to Downtown Denver) • Accessible via 3 major highways (I-70, US 6, and Hwy 72) for year round mountain access • Pristine views of Continental Divide Developability • Extremely rare Front Range mountain development opportunity with multiple paths for development either through Gilpin County or Central City • Highly flexible zoning potential with the future plans for Central City. • Intense housing demand pressures both locally for casino workers and more broadly for Front Range workers/residents • Slope/topo is relatively flat for mountain property, and no area is undevelopable due to topo constraints • Electricity to the property already with water and other infrastructure being along Upper Apex Rd • Past 24-month trailing sales data on the townhomes next door • Average sale price of $480k • Average unit size of 1,887 SF • Townhomes were built in 2008
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1650 Upper Apex Rd - Foothills Development Opportunity
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