3rd Avenue, Severance, CO 80546

Property Description

10,500 SF development opportunity in the heart of Severance’s growing Town Core. Comprised of three contiguous platted lots, this vacant site offers flexibility for commercial or mixed-use development, including retail, restaurant, service, office, or residential-over-commercial concepts. Town Core zoning encourages a pedestrian-oriented mix of commercial and residential uses with potential development up to three stories. The property is treated as one development parcel with one water tap, and the Town has indicated potential incentives may be available for qualifying projects, including possible assistance with water tap and raw-water dedication costs. Town Core regulations also provide flexibility for qualifying developments to utilize on-street and approved shared parking. Located on 3rd Avenue just west of WCR 23/1st Street, adjacent to the parking lot of the well-known Bruce’s Bar and one block north of the 4th Avenue/Harmony Road corridor. Severance is conveniently positioned between Windsor, Greeley, Fort Collins and the I-25 corridor, providing access to major Northern Colorado employment centers and amenities. Severance continues to experience significant residential growth, with an estimated population of 11,841, growth of approximately 53.5% since 2020, median household income of approximately $124,572 and 91.6% owner-occupied housing. Well positioned for a developer, investor or owner-user looking to serve Severance’s expanding residential base and establish a presence in the evolving Town Core. Buyer to verify zoning, development requirements, utilities, parking and available incentives with the Town of Severance.