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$2.8M total
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Asset Class
Land
Size
—
Building class
A
Zoning
AG — Agricultural
$ / SF
—
Occupancy
97%
Lot Size
0.55 ac
An exceptional development opportunity in one of Golden’s most strategic and high-visibility locations. This .553 acre commercially zoned parcel is ideally situated directly across from the Golden & District Hospital and adjacent to the community medical clinic, offering unmatched exposure, traffic, and long-term demand drivers. The property is fully rezoned to be mixed use and comes with an issued Development Permit for a four-storey mixed-use building, allowing for approximately 10,000 sq.ft of ground-floor commercial space with three residential levels above comprising 24 condominium units for a total of 31,800 Sqft of residential area. Municipal services are available, and the site offers excellent access, visibility, and walkability. This location is ideally suited for a wide range of commercial and mixed-use applications, including medical offices, professional services, seniors-oriented housing, multi-family residential, hospitality, or long-term rental development. Hospital-adjacent development sites of this scale are rare in Golden and offer enduring value regardless of market cycles. The existing Development Permit provides a strong starting point and significantly reduces entitlement risk and timelines; however, purchasers are not obligated to proceed with the current design and may explore alternative concepts within the zoning framework. A rare opportunity to secure a shovel-ready commercial/residential development site in a prime location. (id:66811)
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Monthly debt service
$13K
Projected NOI
$114K
Annual cash flow
$-39K
Cash-on-cash
-4.70%
DSCR
0.75
Going-in cap
4.13%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
95,965
Households
43,684
Median income
$118,000
Median age
34.2
Daytime population
91,346
5-yr growth
0.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 837 Park Drive, Golden.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.