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990 S Sheridan Blvd
Denver, CO 80226
Land For Sale
·
0.78 AC
Investment Highlights
- Upzoned Property: 990 S Sheridan is already approved for higher density, allowing for efficient utilization of the land for multifamily development. »
- Its proximity to downtown amenities & employment centers, combined with the increasing demand for multifamily housing, enhances the property’s appeal.
- Ready for development with all essential utilities available and no existing structures on the site.
- The parcel is situated in the Westwood neighborhood, a rapidly developing area southwest of Downtown Denver.
- This properties eligibility for LIHTC provides significant tax benefits and financial incentives.
Property Facts
Description
Upzoned Property: 990 S Sheridan is already approved for higher density, allowing for efficient utilization of the land for multifamily development. Development Potential: A recent feasibility study concluded that the parcel can support up to 50 multifamily units. Current density limitations (primarily due to parking requirements) could be mitigated by acquiring the adjacent property at 982 S Sheridan, potentially enhancing the development's scope and profitability.
Property Taxes
| Parcel Number | 5183-00-880 | Improvements Assessment | $182,600 |
| Land Assessment | $182,600 | Total Assessment | $182,600 |
Property Taxes
Parcel Number
5183-00-880
Land Assessment
$182,600
Improvements Assessment
$182,600
Total Assessment
$182,600
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