83rd Ave | Greeley, CO 80634
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- LoopNet Team
83rd Ave
Greeley, CO 80634
Boomerang Ranch · Land For Sale
·
22.23 AC
Investment Highlights
- Includes concept plans for 177-unit BTR project - opportunity to increase density to 215+ units.
- High visibility off 10th St w/ 24,000 vehicles per day.
- Includes ~$2M of completed pre-dev and horizontal work.
- Starbucks, ENT Credit Union and QuickTrip are all under construction to deliver in Q3, 2024.
- Surrounding demographic can support $3k+ rents: $110k med / $125k avg HH income within 3-mile radius.
- Fastest growing city in Colorado and fourth fastest growing in the US over the past decade.
Property Facts
Description
In 2007, Boomerang Ranch was rezoned to C-H and C-L. As part of the rezone, a DCMP (Development Concept Master Plan) was established limiting development to residential uses. After sitting vacant for 15 years, the current owner has successfully removed the DCMP restrictions to allow residential development by SUP (Special Use Permit). With initial city support for a BTR project, Buyer may pursue final entitlements prior to close (note: SUP will be tied to Buyer’s site plan).
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