1240 Benton St, Lakewood, CO 80214

Property Description

Near Sheridan Station on the RTD W Line, three adjoining parcels offer an opportunity to bring new housing to Lakewood’s Two Creeks neighborhood. The W Line connects the neighborhood to downtown Denver, with West Colfax and Sloan’s Lake nearby. Existing apartment communities along the corridor offer a sense of how new housing could fit into this part of Lakewood. The approximately 0.47-acre assemblage includes a duplex at 1230 Benton, a four-bedroom home at 1236 Benton and a cleared lot at 1240 Benton, with approximately 150 feet of Benton Street frontage. The combined site is identified as M-R-T (Mixed-Use Residential–Transit). The district’s published standards provide for building heights up to 90 feet, subject to applicable site and transition standards, and list no maximum residential density. The property is also within a state-designated Applicable Transit Service Area and a Qualified Opportunity Zone. See the offering memorandum (in supplemental documents) for details on potential relief from resident parking minimums and the City’s visitor parking guidance. Architects have explored several ways to bring new homes to this stretch of Benton, from a preliminary concept for 19 three-story townhomes to separate studies for 26 and 42 apartments. Prior architectural, civil and landscape work gives the next owner a starting point for evaluating what fits the site, the street and the neighborhood. Renderings illustrate potential development concepts for the combined three-parcel site. Buyers should independently verify site area, zoning, parking, entitlement and permit status, and achievable unit counts with the City of Lakewood.