Englewood, CO, April 14, 2020 – AQYRE Real Estate Advisors is pleased to announce the land sale of a four property Assemblage on East Hampden Avenue for $3,150,000.
“The Bullock mortuary had been a staple in the Englewood neighborhood for many decades but unfortunately had to close their doors last summer” said David Barocas. “The site is located in a Federal Opportunity Zone and the Buyers have tentative plans to build apartments on the site down the road.”
Principals Joe Hornstein and Scott Fetter connected with the buyers while David Barocas (AQYRE) & Carlos Valencia of Pinnacle Real Estate Advisors worked with the seller.
For more information on this investment or current market conditions, contact David Barocas at 720.738.1947 or David@AQYRE.com.
SALE HIGHLIGHTS
- Property Addresses: 1375 E Hampden Ave, 3498 S Marion St, 3475 S Lafayette St, 3467 S Lafayette St, Englewood, CO 80113
- Sale Price: $3,150,000
- Sale Date: 04.17.2020
- Land SF: 37,435 SF | $84.14/Land SF
- Opportunity Zone
- M2 Zoning
FEDERAL OPPORTUNITY ZONE
This economic and community development tax incentive program provides a new impetus for private investors to support distressed communities through private equity investments in businesses and real estate ventures. The incentive is deferral, reduction and potential elimination of certain federal capital gains taxes.
ABOUT AQYRE REAL ESTATE ADVISORS
We’re a collection of experienced real estate brokers committed to relationships built on results. We share a belief that our client’s goals take priority over our transaction results and we’ve been rewarded with long-term relationships with investors who trust us. As a brokerage, we are committed to remaining a small firm with high caliber individuals allowing investors more access to experienced advisors – we stress quality over quantity. The not-so-secret to our success is our 50+ years of investment experience in the Denver market and our commitment to collaboration among ourselves and our peers. Sharing our relationships and opportunities with other brokers in our market assures our clients access to the best deals . We aren’t defined by our individual success, we are defined by the success of investors who we are fortunate to call clients.
