From Nexus:
development site for the sale price of $720,000. Travis Hodge & Tony Bobay of Nexus represented the buyer, Brothers Redevelopment Inc. in the transaction.
4401 Josephine St is a parcel of land zoned U-RH-3A within an Opportunity Zone. The property is located just minutes from RiNo, Denver Coliseum, and the 38th and Blake RTD Station, with easy access to I-70 and I-25.
4401 Josephine St. is conveniently located in Denver’s Elyria-Swansea neighborhood at the intersection of 44th Ave and Josephine St.
The buyer plans to develop affordable housing in a rapidly redeveloping neighborhood.
Please call or email today to find out how we are different than the average apartment advisors. For more information, please visit www.nexus-cr.com.
From Pinnacle:
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 4401 Josephine Street in Denver, CO. Located in the Cole Neighborhood, 0.25 acre parcel of land was positioned within an Opportunity Zone and zoned U-RH-2.5. Erik Toll & Christian Burgdorf advised Seller in the transaction.
“We were very pleased the land ended up in the hands of an affordable housing developer,” said Toll. “When Opportunity Zones were introduced in 2017, it was largely unclear how the market would react. While many questions still remain, this case was an example of a lower-income area directly benefiting from federal tax incentives and programs.”
For more information, please contact Erik Toll at 720-638-5401 or Christian Burgdorf at 303-407-9785 TAG@PinnacleREA.com
