Multifamily Land Development Opportunity

1685-1695 Teller St. Lakewood, CO 80214

1685-1695 Teller St., Lakewood, CO, 80214
1685-1695 Teller St., Lakewood, CO, 80214 1685-1695 Teller St., Lakewood, CO, 80214 1685-1695 Teller St., Lakewood, CO, 80214 1685-1695 Teller St., Lakewood, CO, 80214
FOR SALE
Property Type:
Multifamily Land
Amount:
$2,000,000
Last Verified:
May 26, 2018

Highlights

  • Located at the northeast corner of Colfax Avenue & Wadsworth Boulevard in Denver, only a few miles west of Interstate 25, and a few miles south of Interstate 70
  • Located approximately 2500 ft north of the Wadsworth RTD Light Rail Station
  • Total Lot size is 1.18 Acres

Description

Great redevelopment opportunity in Lakewood! The site includes two parcels (1685 Teller St) with 30,492 SF, and (1695 Teller St) with 20,909 SF of land. Both parcels include existing multiple single family residences. Both parcels are zoned R-MF (Multifamily Residential) with a maximum primary structure height of 45 feet. This property is located adjacent to the Creekside Shopping Center, anchored by a Wal-Mart Supercenter.

Located West of Teller St / East of Wadsworth Blvd / North of Colfax Ave.

Lot Size: 1.18 acres

Map of 1685-1695 Teller St., Lakewood, CO, 80214

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What are Real Estate Incentives?

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."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.