Ready-to-Build! All entitlements in place! Permits submitted and construction bids in-hand! Skip the 3-year wait period to reach this point. You can be under construction in three months and collecting rent a year after that. Complete building plans and architectural drawings for a 3-story Mixed-Use/Multi-Family building on a 1.37-acre infill site in NW Longmont completed in 2023. Currently designed as a single building (32,935 SF) consisting of forty-six (46) 1-bedroom apartments, two (2) Studio apartments, and 7,000 SF of ground-floor commercial office/retail space that could easily be condo’d for sale. Other income streams include: on-site laundry, EV charging, tenant storage units. A fee-in-lieu opt-out of Longmont Affordable Housing Program has been approved. Buyer has the option to revert back into affordable programs and financing.

This NW Longmont location is ideal for multi-family housing designed with the work-force community in mind. The idea here is smaller apartments and smaller rents for those who make too much to qualify for subsidized housing, and can’t afford the high-priced units with all the amenities. Variance approved for 1:1 parking spaces; variance for master electric on residential making “utilities included” a reality. Lot abuts greenway trails, community parks, walking distance to McIntosh Lake and Garden Acres park. Easy access to grocery/retail/services, public transit. Excellent proximity to large local employers: Longmont United Hospital, school district, breweries; and education at CU Boulder & Front Range Community College. Full development packet with site & architectural plans included in sale price. 

The housing shortage in the US has reached epic proportions. Over 5 million for-sale and for-rent homes are still needed. Colorado is no different. Northern Colorado expected to double in size by 2035! All planning, program design, and concept completed by Longmont area development team who are available to consult or engage on next phase of construction or project management. Local contractor available for buy-out and construction. Proforma & financial projections available with signed NDA. Project can be completed for an additional $10M (approx.). Buyer of this 'shovel-ready' project can realize an approximate 25% equity position upon stabilization.

Ready-to-Build Mixed-Use/Multi-Family Opportunity

Key Highlights:

• Fully Entitled and Permits Submitted: All entitlements are in place, with construction bids ready. Skip the 3-year wait and start construction in 3 months, with rental income starting in a year.
• Comprehensive Plans: Includes architectural designs for a 3-story, 32,935 SF building on a 1.37-acre site in NW Longmont. Features 46 one-bedroom apartments, 2 studios, and 7,000 SF of ground-floor commercial/retail space, easily convertible to condos.
• Additional Revenue Streams: On-site laundry, EV charging stations, and tenant storage units.
• Affordable Housing Flexibility: Approved fee-in-lieu opt-out, with the option to revert to affordable housing programs and financing.
• Strategic Location: Abuts greenway trails and community parks, within walking distance to McIntosh Lake. Easy access to grocery, retail, services, and public transportation.
• Proximity to Major Employers: Close to Longmont United Hospital, local schools, breweries, CU Boulder, and Front Range Community College.
• Parking and Utilities: Variance approved for 1:1 parking spaces and master electric system for inclusive utilities.
• Experienced Development Team: Longmont area development team and local contractor available for consultation and construction management.

Market Context:

• Housing Shortage: The U.S. housing market is in critical need, with over 5 million homes required. Northern Colorado is expected to double in size by 2035. Capitalize on this demand now.
• Owner's Strategy: The owner plans to build when rates drop, providing your buyer the opportunity to take advantage now.

Financial Overview:

• Investment: Approximately $10M needed to complete the project.
• Equity Potential: Realize an approximate 25% equity position upon stabilization.
• Proforma & Financial Projections: Available with a signed NDA.

Contact: Full development packet, including site and architectural plans, is included in the sale price. Call today for additional details and information.