19
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$4,795,000
Est. payment /mo
0.59 Acres Lot
New
1225-1255 Xavier ST Denver, CO 80204
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UPDATED:
02/24/2025 11:00 PM
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision West Colfax
MLS Listing ID 9204443
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $3,123
Tax Year 2022
Lot Size 0.590 Acres
Acres 0.59
Property Sub-Type Improved Land
Property Description
Xavier Residences is a near permit-ready investment opportunity to develop a unique hybrid apartment/townhouse project. The project is approved and recorded with the Zoning Department and construction permits have been submitted and are near approval.
The architectural plans encompass a total of 71 units, with a breakdown consisting of 61 apartment units and an additional 10 townhome-style units available for sale. Notably, Xavier Residences stands as one of the last expansive development parcels in West Colfax.
Of strategic benefit to the developer, the project underwent review prior to the implementation of Denver's new “Expanding Affordable Housing” development requirements, and SDP approved prior to EHA ordinances, positioning the project advantageously within the regulatory landscape.
** Near Permit-Ready Construction Project - SDP Recorded
** Hybrid For Sale/Rent Exit Potential
** Permitted Prior to New Affordable Housing Requirements and EHA ordinances
** One of the Last Expansive Development Parcels in West Colfax
The architectural plans encompass a total of 71 units, with a breakdown consisting of 61 apartment units and an additional 10 townhome-style units available for sale. Notably, Xavier Residences stands as one of the last expansive development parcels in West Colfax.
Of strategic benefit to the developer, the project underwent review prior to the implementation of Denver's new “Expanding Affordable Housing” development requirements, and SDP approved prior to EHA ordinances, positioning the project advantageously within the regulatory landscape.
** Near Permit-Ready Construction Project - SDP Recorded
** Hybrid For Sale/Rent Exit Potential
** Permitted Prior to New Affordable Housing Requirements and EHA ordinances
** One of the Last Expansive Development Parcels in West Colfax
Location
State CO
County Denver
Zoning G-MU-5
Interior
Fireplace N
Exterior
View Valley, Water
Garage No
Building
Lot Description Level
Sewer Public Sewer
Schools
School District Denver 1
Others
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, Other, Owner Will Carry
Listing Terms 1031 Exchange, Cash, Conventional, Other, Owner Will Carry
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Kaufman Hagan • [email protected],720-984-0419
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