DEVELOPMENT OPPORTUNITY: 48-unit Multifamily/Condo Development Opportunity. LOCATION: The project is located in the heart of the rapidly developing Arapahoe Square neighborhood, immediately east of the Central Business District and directly south of LoDo. The location features many amenities and is only one block to Great Divide Brewing, three blocks to Snooze, and five blocks to Coors Field and the center of LoDo. Very close proximity to light rail access and the CBD. ENTITLEMENTS: The project's design concept has been approved by city planning. SDP has been submitted and seller is moving forward with all remaining entitlements. UNIT MIX: The average unit size of 737 square feet will be ideally targeted toward the modern professional that demands walkability, close proximity to downtown, and a transit oriented lifestyle. INCOME: The property is currently leased as a parking lot for gross rent of $2,250 per month. The lease can be terminated at any time once permits are ready.
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Listing Courtesy ofREDT LLC