1225-1255 Xavier Street Denver, CO $ 5,250,000
1225-1255 Xavier Street
$ 5,250,000
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1225-1255 Xavier Street

Denver, CO, 80204
$ 5,250,000
Baths0.0

Monthly Estimate*

$ 34,893

Listed by Kaufman Hagan
1225-1255 Xavier Street, Denver, CO 80204 - Image 1
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Studio

Lots and Land for sale in Denver, CO

for $5,250,000. The lot size is 0.59.

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

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Lots and Land Active

Price

$ 5,250,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 3,123

Style

Lot Size

0.59

Town/City

Denver

County/Region

Denver

MLS | Web ID

3505470

Features
General
Sewer Public Sewer
Zoning G-MU-5
Garage Spaces 57
Exclusions Any and all private property
View Valley Water
Property SubType Improved Land
Tax Year 2022
Percent Ownership Individual
County Denver
Property Type Land
HOA / Comm Assn N
Attached Garage Y
Subdivision Name West Colfax
Status Active
City Denver
Buyer Agent Compensation 2
High School District Denver 1
Lot Size Square Feet 25800
Carport Spaces 0
Street Name Xavier
Listing Terms 1031 Exchange Cash Conventional Other
Tax Annual Amount 3123
Standard Status Active
Middle/Junior School District Denver 1
Elementary School District Denver 1
Buyer Agent Compensation Type %
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Exterior
Lot Features Level
Total Parking 57
Lot Size Area 25800
Lot Size Acres 0.59
Lot Size Units Square Feet
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Interior
Street Suffix Street
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Internal Only
Street Number 1 1225
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* Excluded Features
List By
Kaufman Hagan

Broker

(720) 984-0419

Phone

Affordability Calculator

$35,153
Per Month
99%
1%
0%
Monthly Principal & Interest
$34,893
Monthly Property Taxes
$260
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
732717 Elementary School
732190 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2024$5,250,000 Listed Price

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1225-1255 Xavier Street, Denver, CO, 80204 is a Lots and Land for sale at $5,250,000 with a lot size of 0.59. 1225-1255 Xavier Street is a studio with 0.0 baths. The property's zip code is 80204 which is in Denver, CO