990 South Sheridan Boulevard

Denver, CO 80226

$900,000
Price
33,976 / 0.78
Lot Size / Acres

Description

Capstone Companies proudly presents a premier development opportunity in Denver’s thriving Westwood neighborhood: a 34,070 sq ft parcel at the corner of Morrison Road and S Sheridan Blvd, recently upzoned and eligible for Low-Income Housing Tax Credits (LIHTC). With feasibility supporting up to 50 multifamily units, on-site utilities, and potential for increased density via adjacent property acquisition, this site is primed for a lucrative multifamily project. Ideal for local investors, this property...Capstone Companies proudly presents a premier development opportunity in Denver’s thriving Westwood neighborhood: a 34,070 sq ft parcel at the corner of Morrison Road and S Sheridan Blvd, recently upzoned and eligible for Low-Income Housing Tax Credits (LIHTC). With feasibility supporting up to 50 multifamily units, on-site utilities, and potential for increased density via adjacent property acquisition, this site is primed for a lucrative multifamily project. Ideal for local investors, this property combines prime location benefits, significant tax incentives, and development ready status to deliver a compelling investment prospect.
»Upzoned Property: 990 S Sheridan is already approved for higher density, allowing for efficient utilization of the land for multifamily development.
» Development Potential: A recent feasibility study concluded that the parcel can support up to 50 multifamily units. Current density limitations (primarily due to parking requirements) could be mitigated by acquiring the adjacent property at 982 S Sheridan, potentially enhancing the development's scope and profitability.
» Dynamic Neighborhood: The parcel is situated in the Westwood neighborhood, a rapidly developing area southwest of Downtown Denver. Its proximity to downtown amenities and employment centers, combined with the increasing demand for multifamily housing, enhances the property’s appeal to potential residents.
» Qualified Census Tract: This properties eligibility for LIHTC provides significant tax benefits and financial incentives.
» Utilities On-Site: Ready for development with all essential utilities available and no existing structures on the site.

Property Details for 990 South Sheridan Boulevard

Subdivision Name
SHERIDAN
Association
No
LISTING UPDATED: 07/15/2024 02:40 PM

Property Details for 990 South Sheridan Boulevard

StatusActive
MLS #6124125
Days on Compass54
Taxes$8,347 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeVacant Land/Lots
Year Built-
Lot Size0.78 AC
CountyDenver County

Building Information for 990 South Sheridan Boulevard

Lot Size0.78 AC

Property Information for 990 South Sheridan Boulevard

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 0
  • Above Grade Finished Area: 0
  • Master on Main: No
Bed & Bath Summary
Bedrooms
  • Bedrooms Total: 0
Parking
Parking
  • Attached Garage: No
  • Garage Spaces: 0
  • Offstreet Spaces: 0
  • Parking Count: 0
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
Site & Location Information
School Information
  • Elementary School District: Denver 1
  • Middle Or Junior School District: Denver 1
  • High School District: Denver 1
Site & Location Information
  • Lot Size Acres: 1
  • Lot Size Square Feet: 33977
  • PSF Lot: $26
  • Lot Features: Level
  • Zoning: E-TU-C
  • Property Exclusions: Tenant Personal Property.
Building Information
Outbuildings
  • Horse: No
Water & Utilities
Water & Utilities
  • Water Included: Yes
  • Water Source: City Sewer, Public Sewer
  • Sewer: Public Sewer

Public Records for 990 South Sheridan Boulevard

Taxable ValueLand$107,720Additions-Total$107,720
Tax Record2023$8,347 ($696 / month)
Home Facts
Beds0Lot Size34,070 SqFtStyleMiscellaneous Vacant LandZoningE-TU-CCountyDENVERAPN05183-00-880-000

Schools near 990 South Sheridan Boulevard

This home is within Denver County 1 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Charter - 5 to 8
Charter - 6 to 8
Charter - 6 to 8
Rating
School
Distance
Force Elementary School
PublicPK to 5

Kipp Sunshine Peak Academy
Charter5 to 8

Compass Academy
Charter6 to 8

Dsst: College View Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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990 South Sheridan Boulevard is a 0.78 ac of land for sale in Denver, CO 80226. This property was listed for sale on July 15, 2024 by Capstone Apartment Partners, LLC, it's currently listed at $900,000. This listing's school district is Denver County 1 School District. Nearby schools include Force Elementary School, Kipp Sunshine Peak Academy and Compass Academy. 990 South Sheridan Boulevard is a 0-bed, 0-bath, 0.78 ac of land on a 33,976 sq. ft. / 0.78 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Capstone Apartment Partners, LLC, Adam Riddle

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.