$5,250,000
Denver, CO 80204
Key Features
- Property Type: Land
- Status: Active
- MLS® ID: 3505470
- Lot/Acreage: 0.59
- County: Denver
- Neighborhood: West Colfax
Exterior Details
- Garage: 57
- Zoning: G-MU-5
- Sewer: City Sewer, Public Sewer
Description
Xavier Residences is a near permit-ready investment opportunity to develop a unique hybrid for rent / for sale multi-family project. The final permit approval for this project is anticipated early Spring 2024.
The architectural plans encompass 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 before the implementation of Denver's new "Expanding Affordable Housing" development requirements, positioning the project advantageously within the regulatory landscape.
** Complete shovel-ready construction drawings and permit approval anticipated early Spring 2024
** One of the last expansive development parcels in West Colfax
** Multiple exit strategies: POtential for Hybrid rent / for sale component: 61 apartment units & 10 townhome-style units
** Permitted prior to new Affordable Housing Requirements
Location
- Address: 1225 Xavier St Denver CO 80204
- City: Denver
- State: CO
- Zip: 80204
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Listing # Courtesy of Teal Nipp Hagan of Kaufman Hagan. Last Updated: February 13, 2024.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
