1958 S Josephine St - DU Adjacent Development Site_Property for Sale

1958 South Josephine Street, Denver, CO, 80210, US

1958 S Josephine St - DU Adjacent Development Site

Description

JLL Capital Markets, as the exclusive advisor to The University of Denver, is pleased to present a prime development opportunity at 1958 S Josephine Street, positioned within the urban core of the University of Denver campus area. This ±1.73-acre infill site (75,358 SF) offers exceptional development potential in an urban infill location with strong by-right G-MU-5 zoning allowing up to 5 stories/65 feet in height, or up to 7 stories/90 feet by complying with Denver’s enhanced affordability incentives.

The property currently features three vacant buildings. The G-MU-5 zoning (General Urban - Multi Unit) allows for residential redevelopment with flexible zoning conditions such as limited setback requirements and no on-site retail dedications. Permitted uses include residential, senior housing, and student housing.

Situated in Denver’s vibrant university district, this rare infill opportunity benefits from the area’s rich amenities, including numerous shops, restaurants, and bars surrounding DU’s campus. The site offers excellent transportation access, located minutes from the University of Denver RTD station (E and H Lines) while providing direct connections to I-25, Denver’s primary north-south corridor. Ready for residential redevelopment, the property has no known environmental concerns and is fully serviced by Denver Water, Denver Wastewater, and Xcel Energy.

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Investment Highlights

BEST-IN-CLASS DEVELOPMENT OPPORTUNITY

The redevelopment site at 1958 S Josephine St benefits from a strong rental market given its strong demographics and consistent flow of student renters given the university’s presence. In under a mile, residents can access the University of Denver campus from the E or H Line at the nearby RTD station or walk to shops, restaurants, and bars in the neighborhood.

SUBURBAN TOD LOCATION

The nearby University of Denver RTD station features comprehensive via the E and H Lines, connecting riders to Union Station, the Central Business District, Denver Tech Center, Centennial and more. Various connections grant access to the broader Denver transit network.

PROXIMATE TO MAJOR EMPLOYMENT NODES

The property at 1958 S Josephine St provides exceptional connectivity to Denver’s key employment centers. Located just a 15-minute drive from both downtown and the Denver Tech Center, residents also enjoy convenient commutes to significant workplace destinations such as the Denver Federal Center and Fitzsimons Medical Campus, among others.

RENTER DEMOGRAPHICS

The University area’s rental market shows strong fundamentals for sustained performance. Most local residents are renters, and the continuous influx of students supports the micro-market’s established pattern of steady rent increases and low vacancy rates, suggesting a positive outlook for the foreseeable future.