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Multifamily redevelopment site with excellent central location for a Transit-Oriented Development (TOD). Property is adjacent to the Sheridan Light Rail Station and is in an OPPORTUNITY ZONE and ENTERPRISE ZONE. Highly desired M-C-T, Mixed Use – Core-Transit Zoning is intended to provide opportunities for higher-density mixed-use development in areas adjacent to light rail stations. The site is near many newly constructed multi-family developments that continue to add to the character of the expanding transit-oriented community. Opportunity to continue collecting rent from the existing three units and parking garage currently fully leased while permitting is being approved. The property has been through concept review for a 60-unit apartment building with the City of Lakewood.
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