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Listing provided courtesy of LPT Realty - MLS#REC3568114MLS Provider
Contact Information: adrienne@aherzogrealty.com,303-597-8720

5401 W 10th AvenueLakewood, CO 80214

Vacant Land · 1.20 Acres

$2,200,000 Active

Overview

Time on Site:
114 days
Visits:
16

Introducing an extraordinary and highly coveted redevelopment opportunity on an expansive 1.2-acre lot, ideally situated at 5401 West 10th Avenue. This exceptional property, located within an opportunity zone, presents an unparalleled potential for esteemed builders and developers seeking to leave an indelible mark on the real estate landscape. Boasting a prime location adjacent to the prestigious Lakewood Dry Gulch Sheridan Light Rail Station, this parcel of real estate offers an array of possibilities for diverse redevelopment projects, spanning from residential to commercial endeavors. Enhancing its appeal, the property is zoned under Lakewood M-R-T guidelines, facilitating a minimum unit per acre density of 30 du/ac, accompanied by height limits ranging from 4 to 7 stories. The dynamic surroundings feature a host of ongoing developments, including the esteemed West Line Village'a 170-unit townhome project'and an impressive 4% tax credit project situated immediately east of the site. Recent sales in the vicinity, such as the single-family homes at Eaton Ct & W 10th Ave, have commanded prices in the mid $600k range, while West Line Village is currently offering townhomes ranging from the mid $500k to high $600k. Initial city pre-approval meetings for townhome developments are scheduled to commence shortly, underscoring the progressive momentum surrounding this exceptional opportunity. Additionally, soil testing has already been started. *RENDERINGS ARE CONCEPTUAL FOR REPRESENTATIONAL PURPOSES ONLY AND ARE SUBJECT TO VARIANCES. BUILDINGS REPRESENTED ARE NOT TO SCALE OR SHOWN IN THEIR FINAL AS-BUILT LOCATIONS AND ORIENTATIONS. OWNER MAKES NO REPRESENTATIONS REGARDING ANY LOCATION, VIEW AND/OR EXPOSURE TO LIGHT OF TOWNHOMES AT ANY TIME INCLUDING ANY EXISTING OR FUTURE CONSTRUCTION BY EITHER OWNER OR A THIRD PARTY.

View Map

Facts & Features

  • Type Vacant Land
  • Lot 1.20 Acres

General

Association/HOA
  • Association: false
School Information
  • School District: Jefferson County R-1
Listing Information
  • Dual Variable Compensation: false
Location/Region
  • Country: US
  • County Or Parish: Jefferson
  • Subdivision Name: Lakewood
Tax Information
  • Tax Annual Amount: 3552
  • Tax Year: 2021
General Information
  • Exclusions: Sellers personal property
  • Ownership: Corporation/Trust
  • Parcel Number: 058118
  • Possible Use: Commercial,Residential
  • Property Sub Type: Improved Land
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: Mixed use

Interior

Parking Information
  • Garage Spaces: 0

Exterior

Parking Information
  • Parking Total: 0
Lot Information
  • Lot Size Acres: 1.2
  • Lot Size Area: 1.2
  • Lot Size Square Feet: 52272
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Water Source: Public,Well
Waterfront/View
  • View: City,Mountain(s)
Building Exterior/Construction
  • Attached Garage: false
General Information
  • Carport Spaces: 0
  • Fencing: Partial
  • Horse: false
  • Road Frontage Type: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected

Neighborhood

Community

80214 (Lakewood) Demographics
36
Median Age
5,633
Population Density (per sq. mile)
38%
College Educated
$51,875
Estimated Median Income
4,110
Estimated Total Home Owners
7,317
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
Middle Schools
1
Public
Jefferson Junior/Senior High School
  • Grades: 7 - 12 /
  • Enrollment: 672
High Schools
1
Public
Jefferson Junior/Senior High School
  • Grades: 7 - 12 /
  • Enrollment: 672
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$652,625
Median Sales Price
$417
Median Price per Square Foot
0
Properties Sold
50
New on Market
55
Average Days on Market
102
Properties for Sale
Calculations provided by Reliance Network