Located within the 40 West Arts District on W. Colfax Ave, between the Walmart Super Center and Casa Bonita, this assemblage of two parcels offers a prime location for conducting a Value-Add Investment on the existing 22 rental units or the opportunity to redevelop for multi-family housing. The two parcels provide 1.12 acres with approximately ½ ac currently undeveloped. The neighboring property to the east is currently marketed for sale and presents the opportunity to further assemble a larger developable area. Covered land play possible. Call Brokers for more information on the property specifics and surrounding area.