Multifamily Development Site Near Olde Town Arvada

7525 W 61st Ave Arvada, CO 80003

FOR SALE
Property Type:
Residential Land Development
Amount:
$877,000
Last Verified:
Jan 22, 2021

Highlights

  • -Rare .40 acre residential development site
  • -Zoning allows for up to 24 units per acre (9.6 for this site size)
  • -Close to Olde Town Arvada
  • -Surrounded by other similar developments already completed

Description

This sale represents a unique opportunity to purchase a property that has already been rezoned for higher density residential. The property, by right can be used for multifamily and has the possibility of townhomes as well as duplex options per the zoning code. The property current has a 2 bedroom, 1 bath single family home with a loft and detached garage. At almost half an acre, the site is centrally located in the heart of Arvada.

Located within close proximity to the popular Olde Town Arvada area, this residential development site is prime for a local developer looking to feed the demand for housing.

Lot Size: 0.4 acres

Map of 7525 W 61st Ave, Arvada, CO, 80003

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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