Retail/ Redevelopment Opportunity
Ideal redevelopment parcel for gas station, cannabis, or rezone to multifamily---approval odds good.
Marketing description
Key opportunity to utilize this freestanding retail or scrape and build. Ideal location off of South Santa Fe Drive (65,000 VPD). Comps nearby reflect high value for this area. City of Englewood has indicated a rezone to Residential to be likely allowed. No limit on building height allowance for any structure allowed under I-1 including Office, Car Dealership tower, Self Storage tower, or parking tower.
Other allowed uses include C-Store, Grocery, Gas Station, Cannabis, Live/work, Hookah Lounge, Physical Fitness, Check Cashing, Bank, Brew Pub, Medical Clinic, Hospital, Dry Cleaner, Tattoo Shop, General Retail, Adult Use, Parking Facility, Auto Sales and many more.
Another parcel nearby sold for an equivalent price and is now a lucrative residential high-rise. What can your developer pay for this parcel and still make his 8%? Bring your written offer.
Adjacent parcels can also be acquired for assemblage---making a perfect gas station spot. Total acreage of this parcel is .77 AC. All information provided to be verified by purchaser. Square footage listed includes large basement.
Investment highlights
Excellent visibility off of South Santa Fe---over 65,000 VPD
Large Pylon Signage
Freestanding Retail building with two fireplaces---old Mexican Restaurant
No build height restriction under I-1 Zoning
City has indicated favorable sentiment toward a rezone to Residential
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