54 Unit Apartment Complex Development Opportunity $ 1,895,000

54 Unit Apartment Complex Development Opportunity
54 Unit Apartment Complex Development Opportunity
54 Unit Apartment Complex Development Opportunity
54 Unit Apartment Complex Development Opportunity

Elite Seller Premium Seller

For sale by

Aspen Snowmass Sotheby's International Realty

415 E. Hyman Avenue
81611
Aspen
United States
Member since 2015 Trusted seller
E3d9a8c8 4921 427f 8406 c531d433b704?sha=ac88f2538647a200
Responsible agent Chris Klug
SA

Listed Price

$ 1,895,000
approx. $ 1,895,000
approx. € 1.618.887,13
approx. 6,960,634.41 د.إ
approx. $ 2,547,204.04
approx. $ 2,490,498.06
approx. CHF 1,894,317.80
approx. ¥ 12,646,851
approx. £ 1,428,424.47
approx. $ 14,873,381.25
approx. 11.972.610 kn
approx. $ 35,627,184.38
approx. 15.338.853,89 kr
approx. 117.834.890 ₽
approx. 16 743 177,75 kr
approx. ฿ 63,044,791
approx. R 24,977,957.10
approx. $ 57,863,597.60
approx. ₱ 101,312,385
approx. 41 874 446,04 Kč
approx. ₨ 65,036,064.58
approx. $ 2,580,004.60
approx. $ 1,571,955.56
approx. $ 1.224.359.500
approx. B/. 1,895,000
approx. $ 3,790,000
approx. ₹ 130,083,658.35
approx. ¥ 212,993,420
approx. $ 5,121,332.25
approx. $ 2,794,113.07
approx. £ 1,428,424.47
approx. R$ 7.295.939,50
approx. ₪ 6,895,563.90
approx. ر.ع. 729,273.695
approx. 6 967 842,99 zł
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Details

  • Location: Glenwood Springs, CO, United States
  • Address: 3637 Highway 82, Glenwood Springs, CO 81601 ()
  • Property type: Other
  • Bedrooms: 14
  • Living area: 15467 sqft (1437 sqm)
  • Land area: 2.2 ac
  • Internal Reference: M9REWL

Description

2.2 acres of land located along Highway 82 on the Aspen side of Glenwood Springs. Permits are ready with plans and approvals included for a Z-Group Architects designed 54-unit apartment complex comprised of 11 one-bedroom units, 37 two-bedroom units and 6 three-bedroom units. Proposed gross square footage of new building one is 32,384 (including basement storage of 2,712 SF) and 32,479 (including basement storage of 3,606 SF) for building two. Average one-bedroom unit sizes are about 560 SF, two-bedroom units about 885 SF, and three-bedroom units about 1,180 SF. The property is located on County Road 154, which is the back way to Glenwood, an alternative to the downtown congestion. The bike path also runs in front of the property to Glenwood, Aspen and beyond. A stop light intersection makes for easy access to Highway 82. Water and sewer are city owned municipally run systems, and irrigation water helps reduce the water bill throughout the summer. The land slopes downhill from the highway towards the Roaring Fork River below, reducing highway noise. The site is gently sloping, which is easier to build and maintain. It is a safe and quiet neighborhood, and only about 1.5 miles from the retail services of Glenwood including Wal-Mart. The former Buffalo Valley Restaurant and meeting space along with six rental apartments and eight hotel rooms currently occupy the property. Enjoy faster access to Aspen and the Roaring Fork Valley being located south of Glenwood Springs. This is a great development opportunity that is ready to get started.