Commercial Land
5940 Tower Rd Denver, CO 80249
Details & Description
Price: $1,800,000
    The subject property is a fully entitled for sale multi-family residential project in the heart of the Tower and Peña Boulevard corridors, arguably one of the hottest mixed-use development pockets in the Denver Metro area. Located just between 56th and 64th Avenues, the remainder of Phase 3 and all of Phase 4 of the Wildhorse Ridge condominium community were formerly approved for 120 stacked flat units that can be annexed into the existing owners’ association. Alternatively, there are indications that these phases may be kept out of the association and developed into a less dense product-type or for a market-rate, age-restricted or affordable rental product. Wildhorse Ridge sits at the nexus of the new Panasonic- anchored SmartCity TOD project at 61st and Peña, Green Valley Ranch and an abundance of retail and hospitality uses, including the new Gaylord of the Rockies just northeast along 64th Avenue.
    Listing Agents
    Mike Kboudi

    O: 303-312-4262
    mike.kboudi@cushwake.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5940 Tower Rd

    Denver, CO 80249

    Listing ID: 222677
    5940 Tower Rd Denver, CO 80249 | for Sale | Photo 1
    Building Size: --
    Lot Size: 4.340 AC
    Land Size: 189,050 SF
    Building $/SF:
    Land $/SF: $9.52
    Price
    $1,800,000
    Description

    The subject property is a fully entitled for sale multi-family residential project in the heart of the Tower and Peña Boulevard corridors, arguably one of the hottest mixed-use development pockets in the Denver Metro area. Located just between 56th and 64th Avenues, the remainder of Phase 3 and all of Phase 4 of the Wildhorse Ridge condominium community were formerly approved for 120 stacked flat units that can be annexed into the existing owners’ association. Alternatively, there are indications that these phases may be kept out of the association and developed into a less dense product-type or for a market-rate, age-restricted or affordable rental product. Wildhorse Ridge sits at the nexus of the new Panasonic- anchored SmartCity TOD project at 61st and Peña, Green Valley Ranch and an abundance of retail and hospitality uses, including the new Gaylord of the Rockies just northeast along 64th Avenue.

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    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Denver History of Commercial Land for Sale

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    Denver Area Market Trends

    Listing Demographics for 5940 Tower Rd Denver, CO 80249

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population3,90451,353104,655
    Population Median Age313232
    Population by Age0-9 Yrs703 (18%)8393 (16%)17326 (16%)
    10-19 Yrs544 (13%)8127 (15%)17073 (16%)
    20-29 Yrs583 (14%)7379 (14%)15076 (14%)
    30-39 Yrs842 (21%)10099 (19%)18243 (17%)
    40-49 Yrs608 (15%)7121 (13%)14536 (13%)
    50-59 Yrs345 (8%)5374 (10%)11173 (10%)
    60-69 Yrs185 (4%)3324 (6%)7262 (6%)
    70+ Yrs95 (2%)1536 (2%)3965 (3%)
    Median HH Income$81,930$74,641$67,522
    Total Household Income< 24K102 (7%)1278 (8%)3623 (11%)
    25-49K219 (17%)3277 (20%)6868 (22%)
    50-74K259 (20%)3322 (21%)6526 (21%)
    75-99K229 (17%)2849 (18%)5129 (16%)
    100-199K428 (33%)4541 (28%)7521 (24%)
    200K+50 (3%)407 (2%)851 (2%)
    Highest Education LevelNo Diploma330642514642
    Diploma or GED568855919599
    Some College658677812920
    Assoc. Degree14922104562
    Bachelors Degree53652608303
    Higher Degree21121483603
    Total Housing Units1,31416,10831,253
    --Owner-Occupied96811,26420,856
    --Renter-Occupied3194,4099,662
    Owner-Occupied Values< 100K253861659
    100-199K4412063060
    200-299K37246738623
    300-399K39037235436
    400-499K9710011401
    500K+39274677
    Total Working Age Population2,86937,59476,053
    In Work Force2,14027,62354,111
    Not In Work Force7309,97221,942
    Workforce Employed2,05126,59051,507
    Workforce Unemployed679032,350
    Civlian Workforce2,11827,49253,856
    Military Workforce22130255
    Total Households1,28615,67330,518
    Family Households94511,71723,084
    Non-Family Households3423,9577,434
    Married Couple7328,66115,780
    Other Family2133,0557,304
    Married w/Child4264,9749,002
    Single Male w/Child616401,273
    Single Female w/Child751,0632,561

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Colorado4,301,261+175,029,196+165,838,181+156,733,658
    Adams County363,857+21441,603+20530,680+21642,318
    Arapahoe County487,967+17572,003+16662,304+13750,773
    Denver County554,636+8600,158+23738,611+12827,681

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5940 Tower Rd in Denver?
    The asking price for 5940 Tower Rd is $1,800,000
    How much land does the Denver, CO property at 5940 Tower Rd include?
    5940 Tower Rd in Denver includes 4.340 acres of land
    What kind of Land is the propery at 5940 Tower Rd?
    The property at 5940 Tower Rd Denver, CO 80249 is listed as a Apartment Land Land property
    What is the population within 1 mile of 5940 Tower Rd in Denver?
    The population within 1 mile of 5940 Tower Rd Denver, CO 80249 is 3,904 people.
    Who do I contact for questions about 5940 Tower Rd?
    You should contact the listing agent, Mike Kboudi, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Denver International Airport (DEN) 7
    Albuquerque International Sunport / Kirtland Air Force Base (ABQ) 344
    Rick Husband Amarillo International Airport (AMA) 358
    Price
    $1,800,000
    Listing Agent
    More listings from Mike Kboudi
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