Jamie Moats - Coldwell Banker Distinctive Properties
1266 Newton Street
Denver, CO 80204

Description

***PRIME DEVELOPMENT OPPORTUNITY*** 6245 SF lot zoned G-MU-3. Architectural site development plan (SDP) approval from the City of Denver is anticipated to be issued in October. This puts this property on a fast track to obtain a building permit and commence construction. The SDP includes 4 townhouses, each consisting of 1650 square feet and a rooftop deck. Of significance, the SDP for this property pre-dates the new zoning amendment; it is no longer possible to develop 4 townhouses of this size on a similar lot with G-MU-3 zoning. In addition, the property is within the "Opportunity Zone"; Opportunity Zones were enacted as part of the 2017 tax reform package. For more information about Opportunity Zones, visit https://choosecolorado.com/opportunity-zones/. Updates to the house were made in 2015 and the property is currently tenant occupied with a monthly rent of $1750. An electronic copy of the SDP submittal and photos of the interior are included in the supplements.

Details

MLS#2096901
Sub-TypeResale
StatusActive
Days On Site42

Features

ZoningG-MU-3
Acreage0.14
Property ViewYes

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80204
AreaDenver
Listing VS Median (in 80204)
Price:
$550,000
low | high
Med:
$549,800
50.036363636364% of Average
On Site:
42
low | high
Med:
229
18.340611353712% of Average
Listing Updated: 10/15/2018
MLS Number: 2096901
Listing Provided By:
RazrGroup .  of  Keller Williams Realty Urban Elite
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