1650 Upper Apex Road

Property Description

Zoning (Current): Resource Residential (see important links below for more details) Can build 13 homes by-right in the County, but may be able to get annex into Central City for significantly denser zoning - Townhome development next door was built out at a density of 10 units/acre Property Highlights - Proximity and Amenities - 20 min walk to downtown Central City with great casinos, shops, and restaurants - 20 min walk to Central City Reservoir (CPW designated Gold Medal fishing) - 10 min walk to Arapahoe National Forest with 1000s of square miles of untamed wilderness - Quick access to Denver metro (45 min drive to Downtown Denver) - Accessible via 3 major highways (I-70, US 6, and Hwy 72) for year round mountain access - Pristine views of Continental Divide Developability - Extremely rare Front Range mountain development opportunity with multiple paths for development either through Gilpin County or Central City - Intense housing demand pressures both locally for casino workers and more broadly for Front Range workers/residents - Slope/topo is relatively flat for mountain property, and no area is undevelopable due to topo constraints - Electricity to the property already with water and other infrastructure being along Upper Apex Road - Past 24-month trailing sales data on the townhomes next door - Average sale price of $480k | Average unit size of 1,887 SF | Townhomes were built in 2008