PRIME COVERED LAND PLAY & REDEVELOPMENT OPPORTUNITY - Positioned perfectly in one of Denver’s most accessible transit corridors, 3980 Quebec Street represents a premier covered land play for forward-thinking affordable housing developers. Rather than viewing the property through the lens of a traditional office asset, this offering centers on a strategic repositioning opportunity. The site features a 40,000 SF multi-tenant building situated on nearly 2 acres (84,242 SF) of prime land zoned I-MX-5. Investors can capitalize on existing cash flow or near-term holding income from the existing structure while navigating the entitlement and permitting process to scrape and construct a high-density, income-restricted residential community.
Property details
Property
Type
Office
MLS type
Commercial Sale
Status
Active
Year built
1972
Lot
1.93 AC / 84,070 SF
MLS #
1590643
Exterior & lot
Lot
Near Public Transit
Parking
Asphalt, Finished
Utilities
Utilities
Electricity Connected, Natural Gas Connected
Water
Public
Sewer
Public Sewer
Financial
Annual tax
$82,098
Parcel
1213-00-106
Location
County
Denver
Directions
Google
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Listed by Justin Reyher, Beacon Real Estate Services LLC