Eastlake Station

Capstone Land Sales is pleased to present Eastlake Station South – Planning Area A (PA-A), an 11.79-acre development opportunity adjacent to Eastlake/124th Station (N-Line Commuter Rail) in Thornton, Colorado. The site comes with an approved ODP (Overall Development Plan) that allows 340-437 total multifamily units. With a significant amount of pre-development work already completed, potential Buyers will benefit from an expedited project approval timeline.

Eastlake Station presents a prime opportunity for multifamily development in a rapidly growing Denver suburb. Recently unlocked by the approval of a crucial water supply pipeline, this transit-oriented development site offers direct rail access, connecting residents to Downtown Denver and other key metropolitan areas. The location boasts attractive demographics, with above-average household incomes and a mix of young professionals and families. Proximity to amenities such as Thorncreek Crossing, anchored by Target, Sprouts,Michael’s, Barnes & Noble,, and Eastlake Shores Park, with paved trails surrounding a picturesque lake, enhances the area’s appeal.

As Thornton continues to experience significant population growth, this development opportunity is poised to capitalize on the expanding Denver metro area’s housing needs. The site’s potential for increased property values, coupled with strong market fundamentals, makes it a compelling investment. With the water supply issue resolved, the area is primed for future development, offering investors the chance to meet the increasing demand for multifamily housing in a location that combines suburban charm with urban connectivity. Eastlake Station represents a strategic opportunity to participate in the ongoing growth and transformation of this dynamic Colorado community.

• In-Place Zoning that allows 340-437 total units (Multifamily & Live/Work)
• Adjacent to Eastlake/124th Rail Station – N Line Commuter Rail providing direct access to Union Station in under 30 minutes
• Undersupplied submarket from lack of water supply in years prior to 2024
• 5 minutes from multiple high-end retail and grocery centers (Target, Sprouts, Michaels, Barnes & Noble, World Market, King Soopers, Natural Grocers, CVS Pharmacy, Petco)
• Supported by strong demographics – $124k Avg HH Income within same zip code & $93k Median HH Income within 3-mile radius.
• Recently constructed (2021-2023) apartments 1/2 mile from Eastlake Station currently achieving $2.25-$2.55/SF market rents