Property summary
Exceptional 12,282 sq ft development opportunity in Denver's Arapahoe Square neighborhood, just east of the Central Business District and south of LoDo. This fully entitled project is exempt from mandatory affordable housing, having filed for Site Development Plan (SDP) prior to June 2022, and is ready to capitalize on SB106, a Senate bill addressing construction defects to encourage condo development. The asking price of $4,000,000 includes all costs through permit approvals, encompassing architectural, civil, structural, survey, soils, and environmental studies. Buyer is responsible for tap fees, permit fees, and other applicable city fees. The approved plans detail a 44-unit multifamily/condo development with a unit mix ranging from 482 to 1,118 square feet, anticipating sales prices between $450,000 and $730,000. The efficient 5-story building design allows for LEED certification if desired. The property boasts a 2.8% co-op and is conveniently located near Great Divide Brewing, Snooze, Coors Field, and light rail access, offering walkability and proximity to downtown amenities and public transit. Zoned D-AS-12.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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