Listed by Shockcor Real Estate
$1,510,320
1445 Miller Street
Details
Property Type Multifamily, Land
Sub Type Telecom/Data Center, School
Lot Size (SqFt) 35,960
Zoning R-M-U (Mixed Use - Residential - Urban)
Ground Lease No
Sale Condition N/A
Premium Infill Development Opportunity | Shovel-Ready & Transit-Adjacent
Marketing description
Premium Infill Development Opportunity | Shovel-Ready & Transit-Adjacent
Capitalize on this high-value, 35,960 sq. ft. shovel-ready infill development site located in a prime, highly accessible Lakewood corridor. Boasting highly desirable M-R-U (Mixed-Use Residential Urban) zoning and situated in a Federal Opportunity Zone, this property offers developers unparalleled flexibility, exceptional transit connectivity, and significant tax advantages.
- Key Investment Highlights:
- Generous Base Footprint: 35,960 square feet of prime infill land ready for development.
- Transit-Oriented Location: Situated just 0.6 miles from the Oak Street RTD Light Rail station, making it ideal for commuter-focused residential, wireless communications facility, schools, or religious space.
- Shovel-Ready Site: Utilities are already at the street, drastically reducing your pre-development timeline.
- Flexible M-R-U Zoning: Allows for high-density, pedestrian-oriented multifamily housing, wireless communications facility, schools, or religious space.
- Opportunity Zone Benefits: Eligible for preferential federal tax treatment, maximizing your long-term ROI.
- Bonus Square Footage Potential: Potential to expand the site by an additional ±12,155 sq. ft. (bringing the total footprint to over 48,000 sq. ft.) by vacating the undeveloped adjacent northern Right-of-Way (R.O.W.).*
- Development & Zoning Details:
- Site Size: 35,960 sq. ft. (±0.83 Acres)
- Zoning Designation: M-R-U (Mixed-Use Residential Urban)
- Location: Lakewood, CO (Near 13th Avenue & Oak Street corridor)
- Infrastructure: Immediate utility access at street level
- Flood Zone Status: Located within Special Flood Hazard Zone AE. The site is fully developable subject to meeting standard City of Lakewood engineering and building requirements.
* Note on R.O.W. Expansion: Vacation of the northern R.O.W. is subject to City of Lakewood approval and the mutual concurrence of the three adjoining parcel owners.
Investment highlights
- Key Investment Highlights:
- Generous Base Footprint: 35,960 square feet of prime infill land ready for development.
- Transit-Oriented Location: Situated just 0.6 miles from the Oak Street RTD Light Rail station, making it ideal for commuter-focused residential, wireless communications facility, schools, or religious space.
- Shovel-Ready Site: Utilities are already at the street, drastically reducing your pre-development timeline.
- Flexible M-R-U Zoning: Allows for high-density, pedestrian-oriented multifamily housing, wireless communications facility, schools, or religious space.
- Opportunity Zone Benefits: Eligible for preferential federal tax treatment, maximizing your long-term ROI.
- Bonus Square Footage Potential: Potential to expand the site by an additional ±12,155 sq. ft. (bringing the total footprint to over 48,000 sq. ft.) by vacating the undeveloped adjacent northern Right-of-Way (R.O.W.).*
Listing Contacts
Listed by Shockcor Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
