1899 Acoma StDenver, CO 80223

Property Details for 1899 Acoma St

Lot size

0.29 AC

Property size (Sq ft)

12,419 SF

Zone code

C-MX-5

Property type

Other commercial real estate

APN

05226-16-032-000

APU

522616032000

Description

This exceptional opportunity presents a fully entitled and planned 5-story, 42-unit multifamily development in Denver, Colorado, located at 1899 S Acoma St, 80223. Priced at $3,200,000, this vacant property boasts 62,155 square feet on a 12,415 square foot lot and includes 38 parking spaces. The property is zoned CMX-5 and features a 6.00% cap rate. The sale includes land, architectural drawings, all engineering documents, a survey, soils report, and specifications manual. All necessary governmental licenses and approvals are in place, allowing for immediate commencement of construction in February 2024, with potential stabilization within 18 months. Situated just south of downtown Denver and near the Evans Light Rail station, this development offers convenient access to public transportation, entertainment, and dining. The project is grandfathered in from Denver's affordable housing ordinances, ensuring 100% market-rate units. This turnkey opportunity significantly reduces the typical development timeline, eliminating the need for extensive planning and approval processes, and pre-paid soft costs. The property's APN is 5226-16-032. This is a gross lease property.

Location Insight

City

Denver

County

Denver

State

Colorado

Latitude

39.6824

Longitude

-104.989

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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