7965 Penrose BlvdFrederick, CO 80530

For Sale
$2,150,000

12.83 Acres, R-2 Zoning, $2.15M

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 12.83-acre parcel in Frederick, Colorado, presents a prime multi-unit residential development opportunity. Located in Weld County, the property boasts R-2 zoning and is priced at $2,150,000 ($3.85/sq ft). The land is comprised of two lots (Lot A: 8.17 acres, Lot B: 4.66 acres). A concept plan outlines a potential 97-unit residential development. Extensive due diligence has already been completed, including geotechnical reports, sketch plans, a new survey, water analysis, a traffic study, and a list of mineral leases. The property's strategic location offers convenient access to I-25, providing easy commutes to Fort Collins, Boulder, and Denver. The current mill levy is 101.53. Raw water is not included. This is a rare chance to capitalize on Frederick's thriving growth and build a significant residential community in a highly desirable location. The comprehensive development documents provided significantly reduce the time and cost associated with project initiation. This presents a compelling investment opportunity for developers seeking a well-positioned project with substantial pre-development work already completed.

Highlights

  • $2,150,000 asking price ($3.85/SF).
  • Located in Weld County, Colorado.
  • 12.83-acre site (8.17 acres + 4.66 acres).
  • Current mill levy: 101.53.
  • R-2 residential zoning.
  • Raw water not included.

Property Details for 7965 Penrose Blvd

Property type
Other land, Land
Lot Size (sq. ft)
558,875 SF

Location Insight

City
Frederick
County
Weld
State
Colorado
Latitude
40.0883167
Longitude
-104.9194298
7965 Penrose Blvd, Frederick, Colorado

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7965 Penrose Blvd
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