1225-1255 Xavier Street, Denver, CO 80204

$5,250,000

Courtesy of Kaufman Hagan . thagan@khcommercial.com,720-984-0419

List Price
$5,250,000
Type
Land
Status
ACTIVE
MLS Number
3505470
Lot Size (sqft)
25,800
Lot Size (acres)
0.59
Subdivision
West Colfax
Sub-Area
West Colfax

Property 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

Additional Information

Taxes
$3,123
School District
Denver 1
Type
Improved Land
Sewer
Public Sewer
Sewer
Public Sewer
View
Valley, Water

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Calculator source: Real Geeks


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