$4,250,000
Pending

5495 W 60th Avenue

Arvada, CO 80003
2.55 acres | #6051760
Listing OfficeReal Broker LLC
Browse 17 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

We are pleased to present this 2.55 Acre parcel located in an excellent location in the heart of Arvada. Adjacent to the Gold Strike Light Rail Station at 60th & Sheridan, this development is currently in permitting for 40 Townhome units. These units have been efficiently designed to appeal to buyers' wants and needs while also maximizing the builders potential profitability. This site location provides easy access to Sheridan, I-76, I-70. Proximity to light rail is attractive to future buyers as well as the developer who will have decreased affordable housing fees with the City of Arvada because of the proximity within .5 miles of a light rail station.
This parcel is directly adjacent to the east of a recently successfully developed multi-family residential project that is completely sold out. Comps here point at a potential resale value of $350 PSF or more for these townhomes.
This project is 90% through entitlements and we expect to have it permit ready to break ground in November 2024. To view the Offering Memorandum please go to this website:https://ulxcommercial.com/ArvadaLand/

  • Property Details
      • Utility FeaturesNatural Gas Available, Electricity Available, Cable Available
      • Sewer InformationCity Sewer, Public Sewer
      • Property SubtypeUnimproved Land
      • Utility SourceCity Water
      • SubdivisionWellington
      • CountyJefferson
      • Property TypePurchase
      • MLS #6051760
      • Cost4250000
      • MLS #6051760
      • Lot DescriptionLevel
      • Acres2.55

Location

Legal

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES. Information deemed reliable but not guaranteed by the MLS. The information being provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 

Last Updated: . Source: IRES

Listing Courtesy
Listing Agent: Jesse Truman (#043526), Phone: (303) 915-7203
Listing Office: Real Broker LLC (#M2988)

EastGlow PartnershipReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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    Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES. Information deemed reliable but not guaranteed by the MLS. The information being provided is for the consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.