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$ 4,250,000
Est. payment | /mo
2.55 Acres Lot
$ 4,250,000
Est. payment | /mo
2.55 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Wellington
MLS Listing ID 6051760
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $824
Tax Year 2023
Lot Size 2.550 Acres
Acres 2.55
Property Description
We are pleased to present this 2.55 Acre parcel located in an excellent location in the heart of Arvada. Adjacent to the Gold Strike Light Rail Station at 60th & Sheridan, this development is currently in permitting for 40 Townhome units. These units have been efficiently designed to appeal to buyers' wants and needs while also maximizing the builders potential profitability. This site location provides easy access to Sheridan, I-76, I-70. Proximity to light rail is attractive to future buyers as well as the developer who will have decreased affordable housing fees with the City of Arvada because of the proximity within .5 miles of a light rail station.
This parcel is directly adjacent to the east of a recently successfully developed multi-family residential project that is completely sold out. Comps here point at a potential resale value of $350 PSF or more for these townhomes.
This project is 90% through entitlements and we expect to have it permit ready to break ground in November 2024. To view the Offering Memorandum please go to this website:https://ulxcommercial.com/ArvadaLand/
This parcel is directly adjacent to the east of a recently successfully developed multi-family residential project that is completely sold out. Comps here point at a potential resale value of $350 PSF or more for these townhomes.
This project is 90% through entitlements and we expect to have it permit ready to break ground in November 2024. To view the Offering Memorandum please go to this website:https://ulxcommercial.com/ArvadaLand/
Location
State CO
County Jefferson
Zoning R-24
Interior
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District Jefferson County R-1
Others
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by REAL • 303-915-7203