NOT LISTED FOR SALE

18503 E 57th Ave Denver, CO 80249

5.42 Acres
-- Price per Acre
236,095 Sq Ft Lot

Last Sold January 16, 2024

Last sale price $3,250,000

12 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 3-minute walk to Town Center Park

About This Lot

As of January 2024

VIP Commercial Real Estate presents developers with a prime infill development opportunity along the Pena Blvd corridor, known as Denver International Airport’s “Gateway to Denver”. This 5.42 acre parcel, zoned C-MU-20, is ideally geared for strip center comprised of Restaurant, Retail, Convenience Store & Gas, other Commercial, or Multifamily Development. Parcels to the North, East, and South are substantially developed as multifamily and restaurant/retail centers. The 150 acre tract to the west has development plans pending for major Multifamily and King Soopers anchored Strip Center, sharply increasing exposure and area activity. The property is situated in a region experiencing explosive growth - just minutes from DIA, shipping & manufacturing centers, major hotel brands, and I-70 leading to Aurora and Central Denver.

The previous Buyer had development plans for 140 residential condominium units nearly approved, and released the property from contract for unknown reasons. Pricing is net of conveyance, acreage has already been transferred to the city for the installation of the new 57th avenue, roadway is complete. Disclosure: Seller is related to Listing Broker. Any mineral rights shall not transfer with title, will be retained by Seller.

Last Agent to Sell the Property

Brian Furer

Century 21 Elevated Real Estate Brokerage Email: brian@viprealestateco.com,720-251-0778 License #40047921 Listed on: 08/11/2023

Century 21 Elevated Real Estate

Last Buyer's Agent

Ayad Toma

RE/MAX Leaders License #040021707

RE/MAX Leaders

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $29,456

Lot Details

  • 5.42 Acre Lot
  • Level Lot
  • Property is zoned C-MU-20

Location

  • Seller Retains Mineral Rights

Community Details

  • No Home Owners Association
  • Gateway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 102-22-001

Property Details

Property Type

Land

Est. Annual Taxes

$29,456

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Exclusions: None
  • Directions: From Pena Blvd, exit 56th Ave and go EAST to Tower Road. Turn North on Tower Rd, travel one block, property on your right at 57th.
  • SubdivisionName: Gateway
  • Ownership: Individual
  • REC_RVSpaces: 0
  • REC_WaterIncludedYN: 0
  • REC_WaterMineralRights: Seller Retains Mineral Rights
  • Ratio Close Price By Original Li: 1.00000
  • Special Features: VirtualTour

Exterior Features

  • Road Frontage Type: Public
  • Road Surface Type: Paved

Garage/Parking

  • Attached Garage: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Lot Info

  • Parcel Number: 102-22-001
  • Lot Size Acres: 5.42
  • Fencing: None
  • Lot Features: Level
  • Lot Size Sq Ft: 236095.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 29456

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2024 01/16/24 Sold $3,250,000 0.0% --
08/11/2023 08/11/23 For Sale $3,250,000 -- --
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 7522920

REcolorado®