About 1225-1255 Xavier Street
Xavier Residences is a near permit-ready investment opportunity to develop a unique hybrid for rent / for sale multi-family project. The final permit approval for this project is anticipated early Spring 2024. The architectural plans encompass 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 before the implementation of Denver’s new “Expanding Affordable Housing” development requirements, positioning the project advantageously within the regulatory landscape. ** Complete shovel-ready construction drawings and permit approval anticipated early Spring 2024 ** One of the last expansive development parcels in West Colfax ** Multiple exit strategies: POtential for Hybrid rent / for sale component: 61 apartment units & 10 townhome-style units ** Permitted prior to new Affordable Housing Requirements
Features of 1225-1255 Xavier Street
| MLS® # | 3505470 |
|---|---|
| Price | $5,250,000 |
| Bathrooms | 0.00 |
| Acres | 0.59 |
| Type | Land |
| Sub-Type | Improved Land |
| Status | Active |
Community Information
| Address | 1225-1255 Xavier Street |
|---|---|
| Subdivision | West Colfax |
| City | Denver |
| County | Denver |
| State | CO |
| Zip Code | 80204 |
Amenities
| Parking Spaces | 57 |
|---|---|
| # of Garages | 57 |
| View | Valley, Water |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Level |
|---|
School Information
| District | Denver 1 |
|---|
Additional Information
| Date Listed | February 13th, 2024 |
|---|---|
| Zoning | G-MU-5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Kaufman Hagan |
|---|---|
| Contact | thagan@khcommercial.com,720-984-0419 |