1305 Chase St, Lakewood, CO 80214
0.93 Acres of Residential Land Offered at $3,200,000 USD in Lakewood, CO 80214
For Sale
Active
Asking Price $3,200,000
- Property Type
-
Land
Listing Contacts
- Property Info
Property Overview
The Ames Street and Chase Street Development Sites in Lakewood, CO, present a prime investment opportunity for commercial real estate developers seeking high-density residential projects. Conveniently located adjacent to the Sheridan Light Rail Station, these sites offer unparalleled access to public transit and local amenities. The Ames Street Site, spanning 0.6 acres, is zoned M-G-T with a 90-foot height limit, supporting approximately 20 townhomes or 140 multifamily units. The Chase Street Site, encompassing 0.93 acres, is zoned R-MF with a 45-foot height limit, including preliminary entitlement work for 26 townhomes. Both sites are within a Qualified Census Tract (QCT), potentially qualifying for federal tax incentives, and provide covered land opportunities with existing residential properties generating interim rental income. These development sites are available for purchase together or separately, offering flexible investment options to capitalize on Lakewood's growing residential demand.
Proximity to Transit: Steps away from the Sheridan Light Rail Station and Mountair Park, providing easy access to transit and recreational facilities.
Zoning: High-density residential zoning (R-MF) with a 45-foot height limit, suitable for medium-rise developments.
Entitlement Work: Includes preliminary entitlement work for 26 townhomes, streamlining the development process.
Qualified Census Tract (QCT): Located within a QCT, potentially qualifying for federal tax incentives and other benefits.
Covered Land Opportunity: Currently includes a triplex and four single-family homes, offering interim rental income or potential for phased development.
Proximity to Transit: Steps away from the Sheridan Light Rail Station and Mountair Park, providing easy access to transit and recreational facilities.
Zoning: High-density residential zoning (R-MF) with a 45-foot height limit, suitable for medium-rise developments.
Entitlement Work: Includes preliminary entitlement work for 26 townhomes, streamlining the development process.
Qualified Census Tract (QCT): Located within a QCT, potentially qualifying for federal tax incentives and other benefits.
Covered Land Opportunity: Currently includes a triplex and four single-family homes, offering interim rental income or potential for phased development.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Steps away from the Sheridan Light Rail Station and Mountair Park, providing easy access to transit and recreational facilities.
- High-density residential zoning (R-MF) with a 45-foot height limit, suitable for medium-rise developments.
- Includes preliminary entitlement work for 26 townhomes, streamlining the development process.
- Located within a QCT, potentially qualifying for federal tax incentives and other benefits.
- Currently includes a triplex and four single-family homes, offering interim rental income or potential for phased development. *These
- Available for purchase with Ames Street Development.
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