1000 Sheridan Blvd - 30 - 50 Unit Apartment Project

Property has existing 3,143 sf office building that could be renovated into a multitude of uses. Code allows construction up to 5 stories. City supports parking reduction given proximity to Sheridan Station Transit and RTD Parking Garage. List price ($1.35 million) is for 1000 N Sheridan only. If someone wants to redevelop the site into a 30 - 50 unit apartment project, they will need to purchase adjacent property (5175 W 10th Ave) as well. Adjacent property is available for $400,000. Purchase individually or combined for price reduction. Sheridan has 31,000 vehicles pass the site on a daily basis. 2 acre parcel diagonal across the street will be redeveloped into approx 300 unit mixed use project which will greatly inflate neighborhood values. Recent nearby project including West Line Village and Traverse Apartments were the starting point. New developments along 10th Ave both East and West are forthcoming. Great long term hold opportunity.