For Sale $995,000
Property Type VacantLand
Property Size 1,109 SF
Units 3
Lot Size 0.45 Acre
Year Built 1947
Date Updated Apr 22, 2024

Located approximately 1/2 mile North of the Loretto Heights Redevelopment site, this property is zoned Multi Unit, with great potential to be a 10 unit Multifamily building. With a .45 acre site, the lot has depth and frontage on Federal Blvd in the heart of SW Denver. Loretto Heights University area is being completely redeveloped. Through the collaborative efforts of various community organizations, citizens and community members, a plan that includes housing, parks and public spaces-- while preserving the historic richness of the campus--is in place. This plat of land for sale is 1/2 mile from this unique redevelopment. Be a part of a new beginning for this Southwest area of town!Neighborhood with redevelopment potential -- on South Federal Blvd. Just North of the Loretto Heights Redevelopment project. Infill lot -- Zoned multi unit (3 story). Seller has conceptual feasibility study renderings for a 10 unit multifamily building. Approximately 8 miles from downtown Denver, and minutes to Hampden Ave, this property is centrally located in the SW quadrant of Denver. Property has 67 feet of frontage on S. Federal Blvd. Lot is adjacent to multifamily on one side and retail on the other. Currently, the property has a 1947 2 bedroom house (monthly tenants) , 2 garages (leased as storage), and RV parking spaces (leased). Receive $4,640 /mth (+/-) in rents while you are getting city approvals and permits!

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Attachments

Proposed Townhome Concept Rendering (PDF) opens in new window

Highlights

Infill Multifamily development opportunity
Large lot ( .45 acres) -- suitable for 10 unit multifamily building (67' S Federal frontage x 290')
1/3 mile north of Loretto Heights Redevelopment site
Prime location with S. Federal Blvd frontage
High visibility with easy access to Hampden
Just East of Harvey Park, and in the College View neighborhood
Receive $4,640/mth +/- in rents while you are getting city approvals and permits