Description

We are offering a 12,500 square foot redevelopment site at 3011 West 49th Avenue in Denver's Regis neighborhood for a reduced price of $675,000, or $750,000 with seller financing. The site is zoned E-MX-2 and is one block from Regis University.

Plans for 12 townhomes were previously approved and have since expired, which gives a buyer a clear path to a quick re-approval with the City of Denver. The plans call for seven 2-bedroom, three 1-bedroom and two 3-bedroom ADA units, and the full construction and architectural plans are included with the sale.

Two seller financing options are available. One supports a buyer who will develop the site, with a $250,000 down payment and 0 percent interest during approval and construction. The other suits a buyer who will hold or use the property as-is, with $250,000 down at 7 percent interest over three to five years.

The location has strong demand for entry-level and student housing, easy access to I-70 and I-76, and several parks within walking distance. Contact Keith Lenz or Dallas Sandberg of Pinnacle Real Estate Advisors for the plans and financing terms.