250 1st Street, Severance, CO for sale

Investment Overview

14,000 SF development site in the heart of Severance's Town Core. Comprised of four contiguous platted lots, the property offers an opportunity for commercial or mixed-use development within Severance's growing downtown area. Town Core zoning encourages a pedestrian-oriented mix of commercial and residential uses, with potential for retail, restaurant, service, office and mixed-use concepts. The Town has identified ground-floor commercial with residential above, potentially up to three stories, as a desirable development concept for the downtown area. The property is treated as one development parcel with one water tap. Severance is actively seeking additional sales-tax-generating businesses in the Town Core, and the Town has indicated that incentives may be available for qualifying projects, including potential assistance with water tap and raw-water dedication costs. The Town’s planning framework supports a walkable Town Core with on-street and shared parking opportunities. Current regulations allow flexibility for qualifying developments to utilize on-street and approved shared parking. Future downtown parking improvements are being evaluated but are not finalized. Buyer to verify parking requirements and availability with the Town. The approximately 100' x 140' vacant site provides flexibility for site planning, with street frontage and adjoining alley access. The Town is also working to support downtown development through on-street parking and shared public parking strategies. Well positioned to serve Severance's expanding residential base, this is an excellent opportunity for a developer, investor or owner-user seeking a presence in the community's emerging commercial core. Buyer to verify zoning, development requirements, utilities and available incentives.