$2,185,000
$2,100,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
0.37 Acres Lot
SOLD DATE : 05/14/2021
Key Details
Sold Price $2,185,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Sloans Lake
MLS Listing ID 6659732
Sold Date 05/14/21
HOA Y/N false
Originating Board REcolorado
Annual Tax Amount $8,003
Lot Size 0.370 Acres
Acres 0.37
Property Description
Townhouse development opportunity located just one block from Sloan's Lake and a short walk to Edgewater Shopping District. Concept plans for 14 Townhome Units have been approved to progress to SDP. Homes with rooftop decks will have amazing views of the lakes and the mountains (see pictures).
Location is top-notch with just a quick two-minute walk to Sloan's lake. Within 1/4 mile gets you to Joyride Brewing Co., Griffin Coffee, and US Thai Cafe. Within 2/3 of a mile is King Soopers, Target, Shiso Sushi, Starbucks, and the brand-new Edgewater Public Market.
Currently there are 2 vacant single-family homes on the site. This site is also permit-ready for a 38-unit apartment building. DD available is from the apartment entitlement.
KEY METRICS
* The Zone lot is 16,238 sf.
* Home Price Appreciation - According to the Federal Housing Association, Colorado ranks 2nd for home appreciation since 1991, only behind Washington D.C. In the last five years Denver metro experienced a 58.6% appreciation.
* Supply and Demand - According to the University of Denver, while 12,324 new units were built in 2018, a total of 13,708 units were absorbed.
* Highly Educated Workforce - According to City Lab, Denver is ranked #8 for cities where college-educated adults live. Additionally, Denver is ranked #5 for growth of college-educated adults.
* Tech Migration - Since 2010, more than one in three tech companies operating in the Bay Area have opened offices in Denver. These are firms such as Apple, Google, Facebook, and Lyft.
Location
State CO
County Denver
Area Metro Denver
Zoning U-MX-3
Exterior
Garage Spaces 16.0
Utilities Available Natural Gas Available, Electricity Available
Waterfront false
View Mountain(s), Water
Building
Sewer City Sewer, Public Sewer
Water City Water
New Construction false
Schools
School District Denver 1
Others
Senior Community false
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