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$ 4,795,000
Est. payment | /mo
0.59 Acres Lot
$ 4,795,000
Est. payment | /mo
0.59 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision West Colfax
MLS Listing ID 9204443
HOA Y/N false
Originating Board REcolorado
Annual Tax Amount $3,123
Lot Size 0.590 Acres
Acres 0.59
Property Sub-Type Unimproved Land
Property Description
Xavier Residences is a near permit-ready investment opportunity to develop a unique hybrid apartment/townhouse project. The project is approved and recorded with the Zoning Department and construction permits have been submitted and are near approval.
The architectural plans encompass a total of 71 units, with a breakdown consisting of 61 apartment units and an additional 10 townhome-style units available for sale. Notably, Xavier Residences stands as one of the last expansive development parcels in West Colfax.
Of strategic benefit to the developer, the project underwent review prior to the implementation of Denver's new "Expanding Affordable Housing" development requirements, and SDP approved prior to EHA ordinances, positioning the project advantageously within the regulatory landscape.
** Near Permit-Ready Construction Project - SDP Recorded
** Hybrid For Sale/Rent Exit Potential
** Permitted Prior to New Affordable Housing Requirements and EHA ordinances
** One of the Last Expansive Development Parcels in West Colfax
The architectural plans encompass a total of 71 units, with a breakdown consisting of 61 apartment units and an additional 10 townhome-style units available for sale. Notably, Xavier Residences stands as one of the last expansive development parcels in West Colfax.
Of strategic benefit to the developer, the project underwent review prior to the implementation of Denver's new "Expanding Affordable Housing" development requirements, and SDP approved prior to EHA ordinances, positioning the project advantageously within the regulatory landscape.
** Near Permit-Ready Construction Project - SDP Recorded
** Hybrid For Sale/Rent Exit Potential
** Permitted Prior to New Affordable Housing Requirements and EHA ordinances
** One of the Last Expansive Development Parcels in West Colfax
Location
State CO
County Denver
Area Metro Denver
Zoning G-MU-5
Exterior
View Foothills View, Water
Building
Lot Description Level
Sewer City Sewer, Public Sewer
New Construction false
Schools
School District Denver 1
Others
Senior Community false
Special Listing Condition Private Owner
Listed by Kaufman Hagan • [email protected],720-984-0419