990 Sheridan Blvd Denver, CO 80226
- Commercial real estate
- 0.78 lot acres
Current Use by Public Records
- Gregory Office / Administrative Attorney
Property Details for 990 Sheridan Blvd
- Lot size
- 0.78 lot acres
- Property type
- Commercial real estate
Description
This 0.78-acre commercial land parcel at 990 S Sheridan Blvd in Denver, CO, presents a unique development opportunity. Located in the Westwood neighborhood, this property is zoned E-MX-3 and has been recently upzoned, allowing for higher density development. A feasibility study indicates potential for up to 50 multifamily units. The site boasts on-site utilities and is eligible for Low-Income Housing Tax Credits (LIHTC), offering significant tax benefits and financial incentives. Its strategic corner location at Morrison Road and S Sheridan Blvd provides excellent visibility and accessibility. The potential for increased density exists through the acquisition of the adjacent property at 982 S Sheridan Blvd. This property is ideal for investors seeking a lucrative multifamily project in a rapidly developing area with strong demand for housing. The proximity to downtown Denver and its amenities further enhances its appeal. The asking price is $700,000. This is a ready-to-develop site with no existing structures, making it an attractive investment prospect. The property's location in a qualified census tract further strengthens its eligibility for LIHTC.
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
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105.052575
- Latitude
- 39.698561
