For Sale
$700,000

990 Sheridan Blvd Denver, CO 80226

0.78-acre lot, prime development potential

Overview

Added:
Dec 11, 2024
Days on market:
137
This 0.78-acre commercial land parcel at 990 S Sheridan Blvd in Denver, CO, presents a unique development opportunity. Located in the Westwood neighborhood, this property is zoned E-MX-3 and has been recently upzoned, allowing for higher density development. A feasibility study indicates potential for up to 50 multifamily units. The site boasts on-site utilities and is eligible for Low-Income Housing Tax Credits (LIHTC), offering significant tax benefits and financial incentives. Its strategic corner location at Morrison Road and S Sheridan Blvd provides excellent visibility and accessibility. The potential for increased density exists through the acquisition of the adjacent property at 982 S Sheridan Blvd. This property is ideal for investors seeking a lucrative multifamily project in a rapidly developing area with strong demand for housing. The proximity to downtown Denver and its amenities further enhances its appeal. The asking price is $700,000. This is a ready-to-develop site with no existing structures, making it an attractive investment prospect. The property's location in a qualified census tract further strengthens its eligibility for LIHTC.

Highlights

  • Upzoned 0.78-acre lot at 990 S Sheridan Blvd, Denver, CO, approved for higher-density multifamily development.
  • Feasibility study shows potential for up to 50 multifamily units; adjacent property acquisition could increase density.
  • Westwood neighborhood location offers proximity to downtown Denver amenities and strong multifamily housing demand.
  • Eligible for Low-Income Housing Tax Credits (LIHTC), providing significant tax benefits.
  • Ready-to-develop site with on-site utilities and no existing structures; asking price: $700,000.

Property Details for 990 Sheridan Blvd

Property type
Land
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Denver
County
Denver
State
Colorado
Latitude
39.698561
Longitude
-105.052575

FAQs

What type of property is this?
Land - 0.78-acre lot, prime development potential
Where is the land located?
The property is located at 990 Sheridan Blvd Denver, CO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Upzoned 0.78-acre lot at 990 S Sheridan Blvd, Denver, CO, approved for higher-density multifamily development.; Feasibility study shows potential for up to 50 multifamily units; adjacent property acquisition could increase density.; Westwood neighborhood location offers proximity to downtown Denver amenities and strong multifamily housing demand.
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990 Sheridan Blvd
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