0 88 & Hopkins DrThornton, CO 80229

Property Details for 0 88 & Hopkins Dr

Lot size

1.86 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 1.86-acre parcel, located at the intersection of E. 88th Avenue and Hopkins Drive in Thornton, Colorado (Adams County, zip code 80229), presents a compelling investment opportunity. The property is zoned R-3, permitting a high-density residential development of up to 24 units per acre. Its strategic location offers easy access to major transportation arteries, including Interstates 25 and 76, ensuring convenient commutes for future residents. The site benefits from its proximity to Thornton and Welby submarkets, providing access to a robust network of schools, medical facilities, and a thriving retail and amenity base. Furthermore, the original Thornton & 88th station is within walking distance. This land offers significant potential for developers seeking to capitalize on the growing demand for new housing in this area. Data indicates less than 8% of existing multi-family units in the E. 88th Corridor Submarket were built since 2014, highlighting a substantial pent-up demand. Current multi-family properties in this submarket boast a low 5.4% vacancy rate, underscoring the strong rental market. The asking price for this exceptional property is $400,000. The property's APN is R0174149.

Location Insight

City

Thornton

County

Adams

State

Colorado

Latitude

39.8562

Longitude

-104.964

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