Infill Development Opportunity | 1391 Ames Street Lakewood CO

Investment Overview

1391 Ames Street is a shovel-ready 15,246 SF infill development site in Lakewood, zoned M-R-T to allow apartments, condominiums, or townhomes. The current ownership has completed preliminary concept plans for a 38-unit project and has received initial review comments from both the City of Lakewood and the West Metro Fire District, giving a developer a meaningful head start on the entitlement and design process. The property is also located within a Qualified Opportunity Zone, offering potential tax-advantaged investment benefits.

Investment Highlights

• $27,600 gross annual tenant income
• Preliminary design completed for 38-unit project with initial city and fire district comments
• Walking distance to Sheridan light rail station with direct access to downtown Denver
• Located on West Colfax Avenue, one of metro Denver's most active residential corridors, and surrounded by established homes, townhomes, and mid-density developments
• Near Sloan's Lake Park, Edgewater Public Market, and neighborhood amenities