42-56 units shovel ready development

1899 S Acoma Street Denver, CO 80223

1899 S Acoma Street, Denver, CO, 80223
1899 S Acoma Street, Denver, CO, 80223 1899 S Acoma Street, Denver, CO, 80223 1899 S Acoma Street, Denver, CO, 80223
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,200,000
Last Verified:
Jun 18, 2024

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Description

Fully Entitled Site - Exceptional opportunity to acquire Denver land that comes with SDP’s, approvals, permits, and everything needed to start consturction immediately.

100% Market Rate Units - This project is grandfathered in from the Denver Affordable housing ordinances with the current permits.

Light Rail in Walking Distance – Quick Access to downtown Denver and the entire metroplex means increased potential for investors.

Significant decrease in time to Stabilization – With all planning and approvals done, as well as soft costs paid, this project will save 18-24 months in a buyers development process.

Sperry, Rocky Mountain Commercial is pleased to present SoBo 42. A fully entitled and planned, 5-story 42-unit multifamily site located just south of downtown and near the Evans Light rail station.

This distinctive development has all necessary governmental licenses and approvals, allowing a buyer the opportunity to start construction in 2024 and to stabilize in as little as 18 months. The site is one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining.

Building Size: 12415sq ft
Lot Size: 0.29 acres


Documents

1899 S Acoma Short OM 2024.pdf

Map of 1899 S Acoma Street, Denver, CO, 80223

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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:

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  • 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.