The Denver City Council has approved a purchase and sale agreement with KRF Arkansas, LLC to sell the property located at 4201 E. Arkansas Avenue.

The transaction is valued at $651,250, with plans to develop part of the land for commercial purposes and another portion for 150 housing units.

The property is located in Council District 6. The last regularly scheduled Council meeting within the 30-day review period is on January 22, 2018.