neighborhood · corridor. this will involve a complete reconstruction of i-70 from brighton...

DENVERNEIGHBORHOOD

RESIDENTIAL DEVELOPMENT OPPORTUNITY

Sunnyside

This Offering Memorandum was prepared by Lee & Associates Denver (“Broker”) solely for the use of prospective purchasers of Denver Sunnyside Development (the “Property”). Neither the Broker nor the owner of the Property (“Owner”) makes any representation or warranty, expressed or implied, as to the completeness or the accuracy of the material contained in the Offering Memorandum.

Prospective purchasers of the Property are advised that changes may have occurred in the physical or financial condition of the Property since the time this Offering Memorandum or the financial statements therein were made by Broker and are based upon assumptions or events beyond the control of Broker and Owner, and therefore may be subject to variation. Other than historical revenue and operating expense figures for the Property, Owner has not, provided Broke with any projections regarding the Property. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

The Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless and until such offer for the Property is approved by owner and the signature of Owner is affixed to a Real Estate Purchase Agreement prepared by Owner.

By accepting the Offering Memorandum, you agree (i) that you will hold and treat the Offering Memorandum and its contents in the strictest confidence, (ii) that you will not photocopy or duplicate any part of the Offering Memorandum, (iii) that you will not disclose the Offering Memorandum or any of its contents to any other entity or person without the prior written authorization of Owner, and (iv) that you will not use the Offering Memorandum in any fashion or manner detrimental to Owner or Broker.

We obtained the information contained in this Offering Memorandum from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, changes in price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include any projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the Property and transaction.

All information furnished regarding the Property is from sources we believe to be reliable, but no warranty or representation is made to the accuracy thereof and such information is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions prior to sale or to withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

Lee & Associates Denver works solely on behalf of Owner as the seller's agent. A seller's agent (or listing agent) works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the Property.

2LEE & ASSOCIATES DENVER | INVESTMENT SALES TEAM

Confidentiality Agreement

OVERVIEWFaith Lutheran Church located at 4785 Elm Court in Denver is selling the excess land located immediately south of the church for a single-family home development.

PRICE$2,400,000

SITE SIZE1.5 Acres (67,000 SF)

CURRENT ZONINGU-SU-C is a single unit district allowing urban houses with a minimum zone lot area of 5,500 square feet. Blocks typically have a consistent pattern of 50 foot wide lots.

WATERDenver Water

DEED RESTRICTIONSite will be Deed Restricted for a Single-Family Home Development.

LOCATIONPremier Sunnyside Neighborhood Location; 2.5 Miles to Downtown Denver All measurements and sizes are approximate; need to be verified by survey

Elm Ct

Eliot St268’

250’


Offering Summary

$75,000 OR MORE

$60,000 - $75,000

AVERAGE HOUSEHOLD INCOMEDenver Home

Values Increased 6.7% in 2017

139,134 Estimated Population

Within 3 Mile Radius

$85,669 Household Income

Within 3 Mile Radius


Demographics

N72 Walk ScoreSunnyside Neighborhood

43 Transit ScoreSunnyside Neighborhood

80 Bike ScoreSunnyside Neighborhood

Approximate Area For Sale


Site Survey

Regis Neighborhood Chaffee ParkNeighborhood

Sloan LakeNeighborhood

HighlandNeighborhood

Jefferson ParkNeighborhood

1 MILE

2 MILE

BerkeleyNeighborhood

SunnysideNeighborhood

West HighlandNeighborhood


The Neighborhood

REGIS UNIVERSITY NEIGHBORHOODThe Regis Neighborhood, bounded by 52nd, I-70, Federal and Tennyson, is anchored by Regis University on one end and Willis Case golf course on the other. Convenient access to I-70 is perfect for quick access to downtown or the mountains, and the popular Highlands and Berkeley neighborhoods, with great restaurants and shopping, are close by.

Regis University is a private, co-educational Roman Catholic, Jesuit University in Denver, Colorado. Founded in 1877, it is one of 28 member institutions of the Association of Jesuit Colleges and University. Regis University is divided into five colleges: Regis College, The Rueckert-Hartman College for Health Professions, the College for Professional Studies, the College of Computer and Information Sciences, and the College of Business and Economics. The estimated academic staff is 2,000 and the 2016 estimated student body is near 10,000. Rooted in more than 130 years of tradition, the Regis University’s Northwest Denver Campus is the flagship location for the University. Regis University is situated on over 90 acres, the campus recently expanded to Federal Boulevard adding varsity athletic fields on the east side of the campus.

CHAFFEE PARK NEIGHBORHOODResurgent Chaffee Park Neighborhood attracts many who want a home convenient to downtown and popular Highlands. Bounded by 38th and 50th Avenues, Inca and Tejon Streets, this area offers close proximity to I-25 and I-70. A mix of historic Latino and Italian influences give this neighborhood its distinctive character. Chaffee Park hosts the popular Sunnyside Music Festival featuring cutting-edge local talent.

SUNNYSIDE NEIGHBORHOODAdjacent to the popular Highlands neighborhoods of Denver, Sunnyside has eclectic charm, an influx of local businesses, and seems primed for a huge boom in housing and development - in some areas, it’s already begun. The Sunnyside neighborhood is a 1.5-square-mile area in Denver bordered by Federal Boulevard to the west, I-70 to the north, Inca Street to the east and West 38th Avenue to the south. Sunnyside was formed in 1858 as one of Denver’s original neighborhoods, alongside Berkley Lake, Potter Highlands, Sloan’s Lake and West Highlands. Sunnyside has spent the last decade reviving itself, largely helped by the explosion of its neighbor to the south, the Highland neighborhood.

Regis University Campus

Chaffee Park View of Downtown Denver

Tennyson Street Vibrant Retail Area


The Neighborhood

BERKELEY NEIGHBORHOODThe Berkeley Neighborhood, bounded by 38th Ave, I-70, Federal and Sheridan, is anchored by Tennyson Street, lined with some of Denver’s most popular restaurants and galleries. Two dramatic parks with lakes provide lots of open space and greenery. Convenient access to I-70 makes for easy access to downtown or the mountains.

LOHIThe Lower Highlands is Denver’s premier neighborhood for new restaurants, bars and shops that cater to the young professionals and young families that live in the neighborhood. The area has become a hot bed of activity that draws Denver residents and visitors alike. With easy walking and biking access over the Highlands Bridge, Lower Highlands is less than a 5-minute walk into the Union Station redevelopment in LoDo and within a 10-minute walk to Denver’s central business district.

JEFFERSON PARKJefferson Park spans from Sports Authority Field north to Speer Boulevard between Interstate 25 and Federal Boulevard — is experiencing a resurgence of business and development. From its hilly vantage point, this quiet jewel of a neighborhood has stunning views of downtown Denver and the mountains. Young professionals are drawn to the area for its proximity to downtown.

SLOAN LAKESitting just west of Downtown this peaceful residential neighborhood is minutes from downtown, but far away to avoid the noise and congestion of the city. There are a lot of cool restaurants and bars in and around Sloan Lake. Plus, the Highlands neighborhood is also one of the really hip parts of Denver, and it’s right next door, so an it’s easy trek to enjoy all that neighborhood has to offer.

HIGHLANDSVictorian-era homes and buildings; lush gardens and parks; hip independently owned shops; art galleries; and restaurants, all make the Denver Highlands neighborhood a great destination. There are three diverse districts to discover here: Highlands Square, Tennyson Street and Lower Highland (LoHi). Boutiques, wine shops and bookstores, as well as popular restaurants and bars radiate out from Highland Square on West 32nd Avenue and Lowell Boulevard.

Highlands Bridge to Downtown

Sloan LakeTrails

Highland Square Shopping Area


The Neighborhood

CENTRAL 70 PROJECTTo the east of the Denver Sunnyside Development Site, Denver is planning a massive overhaul of the I-70 corridor. This will involve a complete reconstruction of I-70 from Brighton Boulevard to I-270 including the addition of one Express Lane in each direction. CDOT also plans to remove the 50-year old viaduct and lowering the interstate between Brighton and Colorado Boulevard and constructing a new 4-acre cover over the interstate between Clayton and Columbine Street. This extensive project also includes widening I-70 from I-270 to Chambers Road to accommodate one Express Lane in each direction and re striping I-70 from I-25 to Brighton Boulevard to accommodate one Express Lane in each direction.

The project is estimated to begin in late 2018 and will take several years to complete. The Denver Sunnyside Development Site is located east of the project and will appeal to families looking to avoid the lengthy construction project. Additionally, this investment in the I-70 corridor highlights the infrastructure that Denver is building to support continued growth and development in the area.

LIGHT RAIL AND ACCESSIBILITYIn 2016, Denver completed multiple paved path runs along the east side of Inca Street between 45th and 38th Avenues and connects to a pedestrian bridge that goes over 38th and later joins with the Platte River Trail System. The path will be a major point of access for those commuting to the 41st and Fox Street commuter rail station along with the Gold Line slated to open in 2018. The Denver Sunnyside Development Site is a convenient 2 miles from the Fox Street Station - either a short bike, walk or car ride to public transportation and access to the entire metro area.

When the Gold Line opens in 2018, the Denver Sunnyside Development Site is located 2 miles south of the new Federal Light Rail Station at I-76 and Federal Boulevard. With close proximity to 2 major light rail lines, the public transportation options at this development are superior and will prove to a major draw for young families.

ROCKY MOUNTAIN LAKE PARKThis city park straddling the Sunnyside and Berkeley neighborhoods offers paved trails, beautiful views of the Front Range and multiple picnic areas, tennis courts, playgrounds, and an off-leash dog park. This premier city park is located just a few blocks from the Denver Sunnyside Development Site.

Central 70 Project Overview

Denver UnionStation

Rocky MountainLake Park


Surrounding Area Highlights

STEVE [email protected] 303-501-8779

BRIAN COXSenior Broker [email protected] 303-501-8776

LEE & ASSOCIATES DENVER999 18th Street, Suite 901Denver, Colorado 80202W leedenver.com


Listing Contacts

Elm

Ct

Decatur StEliot St

W 48th Ave S Dr


The Site

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