PRIME COVERED LAND PLAY & REDEVELOPMENT OPPORTUNITY
Covered Land / Multifamily Redevelopment Site
Marketing description
Positioned perfectly in one of Denver’s most accessible transit corridors, 3980 Quebec Street represents a premier covered land play for forwardthinking 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 nearterm holding income from the existing structure while navigating the entitlement and permitting process to scrape and construct a high-density, income-restricted residential community.
Listed by Justin Reyher at Beacon.
Investment highlights
Ideal Covered Land Mechanics: The existing 2-story, 40,000 SF building features 10 units, providing an exceptional platform to offset carrying costs and generate holding income during the design and entitlement phases. Substantial Land Footprint: An expansive 84,242 SF (~1.93-acre) lot offering the massive physical footprint required for large-scale, efficient residential footprints. Highly Advantageous Zoning: Zoned I-MX-5 (Industrial Mixed-Use), specifically optimized for high-density redevelopment. Unrivaled Transit Hub Location: Close to I-70, I-270, the Central Park neighborhood, and the Central Park RTD Bus and Light Rail Station, providing future residents with immediate access to jobs, retail at The Shops at Northfield, and local recreation centers. May qualify for Transit Oriented Development (.43 miles to the light rail stop)
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