Homes for sale - 5495 W 60th AVE, Arvada, CO 80003

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Rick Perez

rick@wesell5280.com +1(303) 295-2995

$ 4,250,000

Est. payment | -/mo

2.55 Acres Lot

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$ 4,250,000

Est. payment | -/mo

Save

2.55 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Wellington

MLS Listing ID 6051760

HOA Y/N No

Originating Board recolorado

Annual Tax Amount $824

Tax Year 2023

Lot Size 2.550 Acres

Acres 2.55

Property Description

We are pleased to present this 2.55 Acre parcel located in an excellent location in the heart of Arvada. Adjacent to the Gold Strike Light Rail Station at 60th & Sheridan, this development is currently in permitting for 40 Townhome units. These units have been efficiently designed to appeal to buyers' wants and needs while also maximizing the builders potential profitability. This site location provides easy access to Sheridan, I-76, I-70. Proximity to light rail is attractive to future buyers as well as the developer who will have decreased affordable housing fees with the City of Arvada because of the proximity within .5 miles of a light rail station.

This parcel is directly adjacent to the east of a recently successfully developed multi-family residential project that is completely sold out. Comps here point at a potential resale value of $350 PSF or more for these townhomes.

This project is 90% through entitlements and we expect to have it permit ready to break ground in November 2024. To view the Offering Memorandum please go to this website:https://ulxcommercial.com/ArvadaLand/

Location

State CO

County Jefferson

Zoning R-24

Interior

Fireplace N

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available

Garage No

Building

Lot Description Level

Sewer Public Sewer

Water Public

Schools

School District Jefferson County R-1

Others

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

Listed by REAL • 303-915-7203

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(303) 295-2995

rick@wesell5280.com

5495 W 60th AVE Arvada, CO 80003