990 Park Ave, Denver, 80205

Land - Land For Sale in Arapahoe Square

$2,749,000

Beds
Baths
12,482Sqft
.28Acres
Built
REDT LLC
MLS® #: 9174224
Active

RedT Homes is proud to offer this nearly permit ready 48 unit, 5-story apartment or condo development project in the heart of Denver- just Northeast of the CBD and directly East of LoDo. A large amount of institutional money is being poured into this neighborhood as it’s one of few remaining development areas in the urban core. Rents are projected in the $2.55 PSF range ($1,875/mo. @ 739 sf avg.) in the area. Condo units are projected to sell at an average of $400k each, ranging from $250k-$599k. This price point is in very high demand in Denver. Permits are expected this August with construction able to start right after. The now $2.75m list price includes: Land, Architecture, MEP/Structural/Civil Engineering, Survey, Soils, and phase I. Financials available upon request.

Essential Information

MLS® #: 9174224
Price: $2,749,000
Sale-Type: List Price
Square Footage: 12,482
Acres: 0.28
Type: Land
Sub-Type: Land
Status: Active

Community Information

Address: 990 Park Ave
Subdivision: Arapahoe Square
City: Denver
County: Denver
State: CO
Zip Code: 80205

Exterior

Lot Description: 12482.00

School Information

District: Denver 1

Additional Information

Zoning: D-AS-12

Financials

$/SqFt: $220

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Listing information last updated on November 19th, 2019 at 1:49am CST.