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/
Property Details
- Lot DescriptionLevel
Measurements
- Acres2.55
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility FeaturesCable Available, Electricity Available, Natural Gas Available
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionWellington
Location
- School DistrictJefferson County R-1
- CountyJefferson
Financial Details
- Original List Price$4,250,000
- Taxes Annual$824
Other
- MLS #6051760
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Jesse Truman (#REC043526)
Listing Office: REAL (#RECM2988)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
