Excellent location for Senior Apartments or continued condominium development. "Build-out and hold" Senior Apartment Investment. Independant Senior Apartments are in high demand. Site is 2.0129 acres. Permit ready for 43 units. Two proposed buildings "B" and "C". Tract abutts Roth Park open space. No off site improvements required. Site fully entitled and build ready. Building permit ready today per Federal Heights Planning Dept.. Federal Heights accepted Water lines and Sewer Lines installed and actually also stubed into Building Sites B and C. Storm Sewer inlet lines and water retention area installed and approved. 86 parking spaces required with approx. 55 paved parking spaces installed. One 2" water tap required for each building. Water tap fees per unit substantially reduced. Federal Heights City planning department estimates remaining unpaid water tap fees per unit substantially below market at approx. $11,300 each.
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