5401 W 10th Avenue, Lakewood, CO 80214

Property Description

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.