Description

Prime piece of real estate located near Olde Town Arvada (one of the hottest areas for new development). Less than one mile from the future fasttracks Station and The Historic Olde Town District. The existing zoning on the property will allow high density residential development, up to 24 units. The seller has already met with the City of Arvada regarding a plan to build a 22 unit apartment complex and the City Officials were supportive of such a plan. The developer of this property will recieve a credit for 1 existing water and sewer tap that would be worth approximately $22,000. This is a very easy property to develop, with all of the utilities nearby. The following is a list of other features:

1.) Walking distance to Olde Town Arvada shops and restaurants, the future fasttracks Station, 14-Plex Movie Theater, Costco, Home Depot, Lowes, officemax, RTD Bus Stop, and an abundance of other shopping stores and food establishments.

2.) Very easy access to I-70 and I-76 (less than 1/2 mile) and only 15 minutes to Downtown Denver.

3.) The property backs up to a great bike path and a ballfield located behind a school.

4.) Utilities are easily accessible and the developer will recieve a credit of approximately $22,000 for the existing water and sewer taps.

5.) The Arvada Comprehensive Plan designates this property as High Density Residential (which allows up to 24 units per acre).

6.) The current zoning on the property is PUD-BPR which will also allow the following uses: Apartments, Townhouses, Condominiums, Duplexes, Senior Housing, Nursing Homes, Assisted Living, Rehabilitation Facility, Group Home, Daycare (Adult or Child), Hotel/Motel, Funeral Home, Offices for Medical/Dental/Clinics, and some Business/Commercial uses. There is no need for rezoning.

7.) There is currently a small home on the property that could be demolished, renovated or added onto. However, the City of Arvada would like to see high density residential development on this property.