Denver, CO 80249,18503 E 57th AVE
Denver, CO 80249,18503 E 57th AVE
Denver, CO 80249,18503 E 57th AVE
Denver, CO 80249,18503 E 57th AVE
Denver, CO 80249,18503 E 57th AVE
Denver, CO 80249,18503 E 57th AVE
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$3,250,000

$3,250,000

Est.Price: ?

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Est. payment /mo

5.42 Acres Lot


SOLD DATE : 01/16/2024

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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REColorado (REColorado MLS)
Listed by VIP REAL ESTATE LLC • brian@viprealestateco.com,720-251-0778
Bought with RE/MAX Leaders
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