1899 Acoma St - Apartments FOR SALE


Denver, CO 80223- Overland
$3,200,000 USD
720-330-4333
1899 Acoma St, Denver, CO for Sale
$3,200,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1899 Acoma St
Denver, CO 80223
Overland


HIGHLIGHTS

  • Most governmental licenses, permits and approvals completed
  • Start construction in 2025 and to stabilize in as little as 18 months
  • Located one block off of Broadway and three blocks from Evans Light Rail Station
  • Completed: Architectural drawings, SDP, Specs Manual, Surveys, MEP, Structural, Civil, Environmental and Landscaping plans
  • Denver Multifamily Development is in the recovery phase of the market cycle

OVERVIEW

Sperry, Rocky Mountain Commercial is pleased to present SoBo 42.Sale includes Land, Architectural Drawings, All Engineering Documents, Survey, Soils and Specifications Manual. Current plan is a development for 5-stories, 42- unit multifamily site. NEW Architectural plans proposing - 68 units at 5 stories, or 113 Units at 8 stories. | Located just south of downtown and near the Evans Light rail station and one block off of Broadway and is on a quieter street, yet walking distance to entertainment and dining. | Most governmental licenses and approvals, allow a buyer the opportunity to start construction in 2026 and to stabilize in as little as 18 months. | Fully Entitled Site - Exceptional opportunity to acquire Denver land that comes with SDP’s, approvals, permits, and everything needed to start construction immediately. | Flexible | 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.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

68

PRICE/UNIT

$47,059

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Development -Up to 113 units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2028

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,415 SF

ZONING

-

APN/PARCEL ID

5226-16-032

ASK ABOUT THIS PROPERTY

Cheryle PowellSPERRY - Rocky MountainMore Info
720-330-4333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Cheryle PowellSPERRY - Rocky MountainMore Info
720-330-4333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.