3980 Quebec St

PRIME COVERED LAND PLAY & REDEVELOPMENT OPPORTUNITY

Positioned perfectly in one of Denver’s most accessible transit corridors, 3980 Quebec Street represents a premier covered land play for forward thinking affordable housing developers. Rather than viewing the property through the lens of a traditional office asset, this offering centers on a strategic repositioning opportunity. The site features a 40,000 SF multi-tenant building situated on nearly 2 acres (84,242 SF) of prime land zoned I-MX-5. Investors can capitalize on existing cash flow or nearterm holding income from the existing structure while navigating the entitlement and permitting
process to scrape and construct a high-density, income-restricted residential community.

The current owner is seeking to lease spaces and sell the building.

Property Details

Listing Price: $2,550,000

Lease Rate: Starting at $12/SF/YR

Units Total: 11

Available Units: 6

Total Building SF: 40,000 SF

Zoning: I-MX-5

Year Built: 1972

Lease Term: Negotiable

Investment Highlights

-Ideal Covered Land Mechanics: The existing 2-story, 40,000 SF building features 10 units, providing an exceptional platform to offset carrying costs and generate holding income during the design and entitlement phases.
-Substantial Land Footprint: An expansive 84,242 SF (~1.93-acre) lot offering the massive physical footprint required for large-scale, efficient residential footprints.
-Highly Advantageous Zoning: Zoned I-MX-5 (Industrial Mixed-Use), specifically optimized for high-density redevelopment.
– Unrivaled Transit Hub Location: Close to I-70, I-270, the Central Park neighborhood, and the Central Park RTD Bus and Light Rail Station, providing future residents with immediate access to jobs, retail at The Shops at Northfield, and local recreation centers.
-May qualify for Transit Oriented Development (.43 miles to the light rail stop).

The EHA Development Advantage: Maximize Your Yield

By leveraging Denver’s Expanding Housing Affordability (EHA) ordinance, a dedicated affordable housing developer can unlock density and project cost-efficiencies on this specific parcel:
-7-Story Massing Bonus: While the baseline I-MX-5 zoning caps heights at 5 stories, utilizing the EHA Enhanced On-Site Compliance pathway grants a by-right 2-story bonus, allowing for a massive 7-story structure.
-Minimized Parking Requirements: Take advantage of aggressive parking reductions granted to affordable projects under the EHA framework, significantly lowering subterranean or structured parking construction costs and maximizing net rentable square footage.
-Optimized Unit Density: The massive lot square footage combined with a 7-story profile enables an aggressive unit mix, allowing a developer to maximize the total number of much-needed income-restricted units in the North Denver submarket.

Location & Connectivity

-Proximity to Amenities: Minutes away from the Walmart Supercenter, Martin Luther King Jr. Recreation Center, and the booming Northfield commercial hub.
-Commuter Centric: Exceptional visibility along Quebec St with rapid, direct access to downtown Denver and the greater metro area via the adjacent I-70 corridor.

Floorplan

Photos

Please contact Justin Reyher at 720-939-9494 or justin@beaconrealestateservices.com for more information.