7965 Penrose Blvd Frederick, CO 80530
- Land
- 12.83 lot acres
Current Use by Public Records
- Land
Property Details for 7965 Penrose Blvd
- Lot size
- 12.83 lot acres
- Property type
- Land
Description
This exceptional 12.83-acre parcel in Frederick, Colorado, presents a prime multi-unit residential development opportunity. Located in Weld County, the property boasts R-2 zoning and is priced at $2,150,000 ($3.85/sq ft). The land is comprised of two lots (Lot A: 8.17 acres, Lot B: 4.66 acres). A concept plan outlines a potential 97-unit residential development. Extensive due diligence has already been completed, including geotechnical reports, sketch plans, a new survey, water analysis, a traffic study, and a list of mineral leases. The property's strategic location offers convenient access to I-25, providing easy commutes to Fort Collins, Boulder, and Denver. The current mill levy is 101.53. Raw water is not included. This is a rare chance to capitalize on Frederick's thriving growth and build a significant residential community in a highly desirable location. The comprehensive development documents provided significantly reduce the time and cost associated with project initiation. This presents a compelling investment opportunity for developers seeking a well-positioned project with substantial pre-development work already completed.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Weld
- State
- Colorado
- Longitude
- -104.919
- Latitude
- 40.0883
