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1650 Upper Apex Rd - Foothills Development Opportunity

41 Acres of Commercial Land Offered at £938,940 in Black Hawk, CO 80422

Executive Summary

- Extremely rare Front Range mountain development opportunity with multiple paths for development either through Gilpin County or Central City
- Intense housing demand pressures both locally for casino workers and more broadly for Front Range workers/residents
- Slope/topo is relatively flat for mountain property, and no area is undevelopable due to topo constraints
-Electricity to the property already with water and other infrastructure being along Upper Apex Road
- Past 24-month trailing sales data on the townhomes next door
- Average sale price of $480k | Average unit size of 1,887 SF | Townhomes were built in 2008

Property Facts

Price £938,940
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Single Family Development
Total Lot Size 41.00 AC

1 Lot Available

Lot

Price £938,940
Price Per AC £22,901
Lot Size 41.00 AC

Resource Residential (see important links below for more details) Can build 13 homes by-right in the County, but may be able to get annex into Central City for significantly denser zoning - Townhome development next door was built out 10 units/ac.

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 32908766

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 1650 Upper Apex Rd, Black Hawk, CO 80422

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