3031 Florida Ave Denver, CO 80219
This exceptional 0.492-acre commercial and residential land parcel, located at 3031 West Florida Avenue in Denver, Colorado (zip code 80219), presents a unique investment opportunity. Zoned E-CC-3X, this property allows for a diverse range of development options, making it ideal for both commercial and residential projects. The site's prime location offers excellent access to major transportation arteries, including I-25, Santa Fe Drive, and 6th Avenue, ensuring high visibility and convenient connectivity. The city actively supports multifamily development in this area due to a current housing shortage. A detailed 58-unit multifamily development plan is currently under city review and is available upon request. This plan demonstrates the significant potential of this site for high-density residential construction. The asking price for this exceptional property is $799,000. The property's potential extends beyond multifamily, with its flexible zoning accommodating a variety of commercial uses, including retail establishments. This makes it an attractive option for developers seeking a versatile and strategically located site in a rapidly growing Denver neighborhood. The property is suitable for construction up to three stories high.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.