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990 S Sheridan Blvd

0.78 Acres of Commercial Land Offered at £556,794 in Denver, CO 80226

Investment Highlights

  • Upzoned Property: 990 S Sheridan is already approved for higher density, allowing for efficient utilization of the land for multifamily development. »
  • Its proximity to downtown amenities & employment centers, combined with the increasing demand for multifamily housing, enhances the property’s appeal.
  • Ready for development with all essential utilities available and no existing structures on the site.
  • The parcel is situated in the Westwood neighborhood, a rapidly developing area southwest of Downtown Denver.
  • This properties eligibility for LIHTC provides significant tax benefits and financial incentives.

Executive Summary

MMG proudly presents a premier development opportunity in Denver’s thriving Westwood neighborhood: a 34,070 sq ft parcel at the corner of Morrison Road and S Sheridan Blvd, recently upzoned and eligible for Low-Income Housing Tax Credits (LIHTC). With feasibility supporting up to 50 multifamily units, on-site utilities, and potential for increased density via adjacent property acquisition, this site is primed for a lucrative multifamily project. Ideal for local investors, this property combines prime location benefits, significant tax incentives, and development ready status to deliver a compelling investment prospect.

Property Facts

Price £556,794 Property Subtype Commercial
Sale Type Investment Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
No. Lots 1 Total Lot Size 0.78 AC
Property Type Land
Price £556,794
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.78 AC

1 Lot Available

Lot

Price £556,794 Lot Size 0.78 AC
Price Per AC £713,838
Price £556,794
Price Per AC £713,838
Lot Size 0.78 AC

Ready for development with all essential utilities available and no existing structures on the site.

Description

Upzoned Property: 990 S Sheridan is already approved for higher density, allowing for efficient utilization of the land for multifamily development. Development Potential: A recent feasibility study concluded that the parcel can support up to 50 multifamily units. Current density limitations (primarily due to parking requirements) could be mitigated by acquiring the adjacent property at 982 S Sheridan, potentially enhancing the development's scope and profitability.

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Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 5183-00-880 Improvements Assessment £0
Land Assessment £85,683 Total Assessment £85,683

PROPERTY TAXES

Parcel Number
5183-00-880
Land Assessment
£85,683
Improvements Assessment
£0
Total Assessment
£85,683

zoning

Zoning Code E-MX-3
E-MX-3
(303) 328-5208

Contact

  • Listing ID: 32462283

  • Date on Market: 15/07/2024

  • Last Updated:

  • Address: 990 S Sheridan Blvd, Denver, CO 80226

The Land Property at 990 S Sheridan Blvd, Denver, CO 80226 is currently available for sale. Contact MMG for more information.

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990 S Sheridan Blvd
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990 S Sheridan Blvd

Benton Adams

(303) 328-5208

(303) 328-5208

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