$3,250,000
$3,250,000
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18503 E 57th AVE Denver, CO 80249
5.42 Acres Lot
Key Details
Sold Price $3,250,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Gateway
MLS Listing ID 7522920
Sold Date 01/16/24
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $29,456
Tax Year 2022
Lot Size 5.420 Acres
Acres 5.42
Property Description
VIP Commercial Real Estate presents developers with a prime infill development opportunity along the Pena Blvd corridor, known as Denver International Airport’s “Gateway to Denver”. This 5.42 acre parcel, zoned C-MU-20, is ideally geared for strip center comprised of Restaurant, Retail, Convenience Store & Gas, other Commercial, or Multifamily Development. Parcels to the North, East, and South are substantially developed as multifamily and restaurant/retail centers. The 150 acre tract to the west has development plans pending for major Multifamily and King Soopers anchored Strip Center, sharply increasing exposure and area activity. The property is situated in a region experiencing explosive growth - just minutes from DIA, shipping & manufacturing centers, major hotel brands, and I-70 leading to Aurora and Central Denver.
The previous Buyer had development plans for 140 residential condominium units nearly approved, and released the property from contract for unknown reasons. Pricing is net of conveyance, acreage has already been transferred to the city for the installation of the new 57th avenue, roadway is complete. Disclosure: Seller is related to Listing Broker. Any mineral rights shall not transfer with title, will be retained by Seller.
Location
State CO
County Denver
Zoning C-MU-20
Interior
Fireplace N
Exterior
Fence None
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District Denver 1
Others
Ownership Individual
Acceptable Financing 1031 Exchange, Conventional, Other
Listing Terms 1031 Exchange, Conventional, Other
Special Listing Condition None
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