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1900 Eastlake Dr - Eastlake Station
11.79 Acres of Residential Land in Thornton, CO 80241
Investment Highlights
- Adjacent to Eastlake/124th Rail Station - N Line Commuter Rail providing direct access to Union Station in under 30 minutes
- Undersupplied submarket from lack of water supply in years prior to 2024
- Supported by strong demographics - $124k Avg HH Income within same zip code & $93k Median HH Income within 3-mile radius.
- In-Place Zoning that allows 340-437 total units (Multifamily & Live/Work)
- 5 minutes from multiple high-end retail and grocery centers
- Recently constructed (2021-2023) apartments 1/2 mile from Eastlake Station currently achieving $2.25-$2.55/SF market rents
Executive Summary
Eastlake Station presents a prime opportunity for multifamily development in a rapidly growing Denver suburb. Recently unlocked by the approval of a crucial water supply pipeline, this transit-oriented development site offers direct rail access, connecting residents to Downtown Denver and other key metropolitan areas. The location boasts attractive demographics, with above-average household incomes and a mix of young professionals and families. Proximity to amenities such as Thorncreek Crossing, anchored by Target, Sprouts, Michael’s, Barnes & Noble,, and Eastlake Shores Park, with paved trails surrounding a picturesque lake, enhances the area's appeal.
As Thornton continues to experience significant population growth, this development opportunity is poised to capitalize on the expanding Denver metro area's housing needs. The site's potential for increased property values, coupled with strong market fundamentals, makes it a compelling investment. With the water supply issue resolved, the area is primed for future development, offering investors the chance to meet the increasing demand for multifamily housing in a location that combines suburban charm with urban connectivity. Eastlake Station represents a strategic opportunity to participate in the ongoing growth and transformation of this dynamic Colorado community.
Property Facts
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 11.79 AC |
Property Type | Land |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 11.79 AC |
1 Lot Available
Lot
Lot Size | 11.79 AC |
Lot Size | 11.79 AC |
In-Place Zoning that allows 340-437 total units (Multifamily & Live/Work)
Description
Adjacent to Eastlake/124th Rail Station - N Line Commuter Rail providing direct access to Union Station in under 30 minutes Undersupplied submarket from lack of water supply in years prior to 2024 5 minutes from multiple high-end retail and grocery centers (Target, Sprouts, Michaels, Barnes & Noble, World Market, King Soopers, Natural Grocers, CVS Pharmacy, Petco) Supported by strong demographics - $124k Avg HH Income within same zip code & $93k Median HH Income within 3-mile radius. Recently constructed (2021-2023) apartments 1/2 mile from Eastlake Station currently achieving $2.25-$2.55/SF market rents
PROPERTY TAXES
Parcel Number | 1573-35-1-15-001 | Improvements Assessment | $8,820 |
Land Assessment | $320 | Total Assessment | $9,140 |
PROPERTY TAXES
zoning
Zoning Code | PD (Mixed Use) |
PD (Mixed Use) |
Presented by
1900 Eastlake Dr - Eastlake Station
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