E 22nd Place and Tower

Property Description: A recent Zoning Inquiry with Planning and Development Services, City of Aurora for R3 zoning came back with a "Neutral" response! R3 allows for Multi-family including senior housing. Response from the City of Aurora is attached or available upon request. Currently, the site is zoned MU-N (Mixed Use Neighborhood), The zoning allows for the development of high-density residential units, with a maximum of 16 tri-plex and duplex units per acre and a maximum building height of 2 stories. Additionally, the site is approved for various commercial activities, including Retail Sales (Small), Personal Service (Small), Specialty Food Production, and a Recreational Center. Furthermore, temporary uses such as Mobile Food Trucks and Temporary Events or Sales, like a farmers' market, are also permitted on the site. The property is located within one of 5 designated Opportunity Zones in Aurora. The Investing in Opportunity Act is the legislation that defines Internal Revenue Code Section 1400Z, otherwise known as the Opportunity Zones tax incentive. The OZ program is a federal tax incentive for investors to receive favorable treatment of reinvested capital gains and forgiveness of tax on new capital gains when they invest. Located in the Aurora Opportunity Zone and Tower Triangle, surrounded by multiple industrial and residential consumers, flexible MU-N zoning (Mixed Use- Neighborhood) allows for ample possibilities! MU-N municipal codes can be found here: https://aurora.municipal.codes/UDO/146-2.4.1 The permitted use table can be found Here: https://aurora.municipal.codes/UDO/146-3.2 This is a highly flexible land parcel located in Aurora, Colorado situated in a Residential and Industrial mixed neighborhood. Very close proximity to I-70, Colfax, 225, and E470. Prime 4.81 Acres This particular location is zoned for, and the permitted use includes: * High Density Triplex / Duplex + retail * Can go all Retail or all Residential * Retail Marijuana Store and Marijuana Testing Facility. * Restaurants * Medical/Dental Clinics * Small Retail Offices * Personal Small Services * Temporary Outdoor Food and Merchandise Stands. **Marketing and Feasibility Study Based on Triplex/Duplex, Dog Park, and Coffee Shop Available Upon Request. While a Geotechnical Study has not been conducted on the property, a Phase 1 study was completed in January 2019 which presented no known adverse findings. The topography of the property is flat and square, with 499.55 feet of frontage on Tower Road and 375.21 feet of frontage on E. 22nd Place. Water availability: Service would need to be connected to the 12” DIP in 22nd Pl. Sanitary service can be provided from the 8” PVC main in Tower. The domestic service allocation agreement is now required for 1.5” meters and larger (not 2” and larger). Larger density, such as that proposed, may require a modeling effort on the part of Water Engineering to ensure water/sanitary improvements would not be required. These requests usually take around a month and can be requested concurrently with a pre-application meeting * Close proximity to I-70, Colfax, E470 and 225 * Corner Lot, 500' Tower frontage 375' 22nd Pl frontage * 19,488 Traffic Count (CDOT) * Public Transportation adjacent, across the street from the Highline Canal