Available For Sale - Land , Multifamily

12,415 SF | Show Pricing $

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LISTED BY

Cheryle Powell
Sperry RMCA, 720-330-4333

AVAILABILITY DETAILS

Size
12,415 SF
Price/SF
Show Pricing $
Listing ID
SA520311
Notes
Sperry, Rocky Mountain Commercial is pleased to present SoBo 42. A fully entitled and planned, 5-story 42-unit multifamily site located just south of downtown and near the Evans Light rail station.



This distinctive development has all necessary governmental licenses and approvals, allowing a buyer the opportunity to start construction in 2024 and to stabilize in as little as 18 months. The site is one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining.



Fully Entitled Site - Exceptional opportunity to acquire Denver land that comes with SDP’s, approvals, permits, and everything needed to start consturction immediately.



100% Market Rate Units - This project is grandfathered in from the Denver Affordable housing ordinances with the current permits.



Light Rail in Walking Distance – Quick Access to downtown Denver and the entire metroplex means increased potential for investors.



Significant decrease in time to Stabilization – With all planning and approvals done, as well as soft costs paid, this project will save 18-24 months in a buyers development process.
Uses
Land
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Cheryle Powell, Sperry RMCA
BRE# CO #ER. 100066584