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$2,300,000

Address Hidden

Please note, this listing includes 1220, 1230, 1240, & 1250 Ames Street parcels. We are also listing along with 1305-1341 Chase Street, but the development sites are available to purchase separately as well. The Ames Street and Chase Street Development Sites in Lakewood, CO, present a prime investment opportunity for commercial real estate developers seeking high-density residential projects. Conveniently located adjacent to the Sheridan Light Rail Station, these sites offer unparalleled access to public transit and local amenities. The Ames Street Site, spanning 0.58 acres, is zoned M-G-T with a 90-foot height limit, supporting approximately 20 townhomes or 140 multifamily units. Both sites are within a Qualified Census Tract (QCT), potentially qualifying for federal tax incentives, and provide covered land opportunities with existing residential properties generating interim rental income. These development sites are available for purchase together or separately, offering flexible investment options to capitalize on Lakewood's growing residential demand.
Offered By
Adam Riddle ariddle@capstone-companies.com, Capstone Apartment Partners, LLC

Property Details

Property Type Land
Status Active
Property Sub Type Unimproved Land
MLS # 7641110

Market Trends

New Properties On Market
5,503
27% Increase In New Listings
Average Asking Price
$727,553
$2,659 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$292
$5 Increase In List Price/Sq. Ft.
Average Days On Market
20
27 Day Decrease In Days On Market
Data as of Sep 22, 2024. Remaining statistics above are calculated on activity within the period from Jul 01, 2024 to Aug 31, 2024.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 9/7/2024 at 8:32 pm