Kaufman Hagan Commercial Real Estate is excited to offer the Candelas Apartments development for sale. Located within the sought-after Candelas master plan, this 35-unit mixed-use project is already conceptually approved through the City of Arvada, with proposals in-hand to complete entitlement within the next six (6) months.
Developers will have the distinct opportunity to not only build in an established 8,000+ resident residential community, but also to tap into community amenities that include two separate fitness centers, an onsite elementary and middle school, a 13.5-mile trail network, five family friendly parks, and much more.
The last remaining builder in Candelas, Tri Pointe Homes, has already stubbed utilities, roads and sidewalks to the sites making the horizontal infrastructure entirely turn-key for the next builder. Additionally, both structures will sit immediately off Candelas Parkway, making lease-up and marketability incredibly easy.
Purchase Price: $700,000
Lot Size: 28,354 SF
Price Per Lot SF: $24.69
Apartment Units: 33
Retail Units: 2
Total Units: 35
Price Per Total Unit: $20,000