7150 W 12th Ave, Denver, CO 80214

Property Description

7100 and 7150 W 12th Avenue present a rare portfolio redevelopment opportunity consisting of two adjacent parcels in Lakewood's rapidly evolving West Corridor. Located near the Lakewood-Wadsworth RTD Station, the combined approximately 0.74-acre site offers a compelling transit-oriented development opportunity with the entitlement process already underway for a proposed 21-unit townhome community. Initial submittals have been completed with the City of Lakewood, providing a meaningful head start and the potential to accelerate development timelines compared to a traditional ground-up entitlement process. The portfolio benefits from a highly accessible infill location with convenient connectivity to Downtown Denver, Union Station, Sloan's Lake, West Colfax, Highlands Square, LoHi, and other major residential, employment, and entertainment districts. Proximity to US-6, Wadsworth Boulevard, and the W Line light rail further enhances regional accessibility and commuter convenience. The site's transit-oriented positioning, coupled with continued public and private investment throughout the West Colfax and Lakewood corridors, supports its long-term residential development potential. Both parcels are currently improved with income-producing single-family residences with established rental histories, offering the opportunity for interim cash flow during planning, entitlement, and pre-construction. Additionally, the property is located within a federally designated Opportunity Zone, potentially providing qualified investors with applicable tax advantages. With its combination of entitlement progress, existing income, transit-oriented location, Opportunity Zone designation, and attainable development scale, 7100 and 7150 W 12th Avenue offer a compelling opportunity for developers, investors, and residential builders seeking a well-positioned infill project within the Denver metropolitan area.