Multi-Family
7000 W 14th Ave & 1391 Reed St
7000 W 14th Ave, Lakewood, CO 80214
Listing Price: $1,500,000
Investment Overview
Marcus and Millichap is pleased to present a unique investment opportunity located at the corner of 14th and Reed St. This development opportunity is shovel ready for (12) 3 Bed / 3 Bath Townhomes. The property is situated in Lakewood which remains a great choice as an affordable option for young professionals and families who are looking to have close proximity to the mountains and Denver's downtown. Apartment starts in Denver have fallen to the lowest level in four years, which is expected to translate to a decrease in Denver's elevated vacancy rate leading to strong rent growth in years to come.
7000 W 14th Ave & 1391 Reed St
Investment Highlights
- Prime Location with Strong Market Fundamentals
- Shovel-Ready, High-Return Development Opportunity
- Positive Market Outlook & Rent Growth Potential
- The property is situated in Lakewood, a desirable submarket near downtown Denver and the mountains.
- The site is fully entitled for 12 three-bedroom, three-bath townhomes, offering an efficient entry into the market.
- The Lakewood/West Corridor submarket has shown resilience against metro-wide vacancy rate expansions, reinforcing investment stability.
Exclusively Listed By
Financing By
Listing Price: $1,500,000
Investment Highlights
- Prime Location with Strong Market Fundamentals
- Shovel-Ready, High-Return Development Opportunity
- Positive Market Outlook & Rent Growth Potential
- The property is situated in Lakewood, a desirable submarket near downtown Denver and the mountains.
- The site is fully entitled for 12 three-bedroom, three-bath townhomes, offering an efficient entry into the market.
- The Lakewood/West Corridor submarket has shown resilience against metro-wide vacancy rate expansions, reinforcing investment stability.
Investment Overview
Marcus and Millichap is pleased to present a unique investment opportunity located at the corner of 14th and Reed St. This development opportunity is shovel ready for (12) 3 Bed / 3 Bath Townhomes. The property is situated in Lakewood which remains a great choice as an affordable option for young professionals and families who are looking to have close proximity to the mountains and Denver's downtown. Apartment starts in Denver have fallen to the lowest level in four years, which is expected to translate to a decrease in Denver's elevated vacancy rate leading to strong rent growth in years to come.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
