10430 Eliot Street - Prime Development Site - 10400 N Eliot St 1.67 Acres of Commercial Land Offered at $1,185,920 CAD in Westminster, CO 80234

Rare 1.67-acre (72,908 SF) shovel-ready redevelopment site at 10400 N Eliot St in Westminster, Colorado. This 12-lot assemblage offers a streamlined path to development with substantial pre-development work complete—site plans for 20 residential units, engineering studies, surveyed maps, and comprehensive soil sampling. With limited redevelopment land remaining in Westminster and explosive market growth, this property represents an exceptional opportunity for experienced developers.
PREDEVELOPMENT VALUE DELIVERED
? Site Plan in Progress – 20-unit residential concept developed
? Engineering Complete – Grading, drainage, utilities documented
? Surveyed Maps on File – Boundaries and lot configurations recorded
? Soil Sampling Done – Geotechnical analysis eliminates subsurface risk
? 12-Lot Flexibility – Phased development or build-to-suit options
Investment Savings: $150,000-$250,000 in predevelopment costs absorbed plus 9-18 months timeline acceleration.
MARKET MOMENTUM
Downtown Westminster generated $6.8 million in tax revenues in 2024—a 96% inflation-adjusted increase. The city has invested over $100 million in infrastructure transformation. Westminster real estate appreciated 123.85% over the last decade, averaging 8.39% annually—top 20% nationally.
STRATEGIC LOCATION
U.S. 36 Tech Corridor: 17% of Denver metro's business activity—26,000 businesses and 200,000 jobs along the corridor Plenary. Westminster Station provides RTD B Line access to Union Station in 15 minutes.
Emerging Urban Core: Westminster's $10.7 million Center Park scheduled for fall 2025 completion Colorado Community Media. Downtown has capacity for 2-4 million SF of office space with 650,000 SF already underway and 600+ residential units open or under construction.
DEVELOPMENT SCENARIOS
Townhome Development (20-24 units, $450K-$600K price point)
For-Rent Multifamily (30-36 apartments, $1,800-$2,400/month)
Mixed-Use Live/Work (8,000-12,000 SF commercial + 16-18 residential)
COMPETITIVE ADVANTAGES
? Scarcity: Limited redevelopment parcels in Westminster's growth corridor
? Timeline: 12-18 months ahead of raw land competitors
? Cost: $150K-$250K predevelopment investment already made
? Municipal Support: Pro-development city with $100M+ infrastructure commitment
? Risk Mitigation: Geotechnical and engineering work eliminates front-end unknowns
THE OPPORTUNITY
Westminster is experiencing a once-in-a-generation transformation. The city connects Denver to Boulder's intellectual capital with superior workforce access. With 80% of residents concerned about housing costs and limited supply coming online, developers who can deliver quality product quickly will capture significant value.
This property offers immediate advantages that typically require 12-24 months to achieve: completed pre-development studies, flexible entitlement structure, and strategic positioning in a supply-constrained, high-demand market.
IDEAL FOR: Regional homebuilders, multifamily developers, merchant builders seeking shovel-ready infill sites, and private equity targeting workforce housing opportunities.