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 has been issued, Mylars recording # 2018144451. 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, this property type (a/k/a slot homes) 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". Further, this property is currently tenant occupied with a monthly rent of $1750; updates to the interior were made in 2015. This allows the buyer to be patient with putting this property in their development cue while concurrently receiving rent and obtaining a building permit. An electronic copy of the SDP submittal and photos of the interior are available upon request.

Details

MLS#2096901
Sub-TypeResale
StatusActive
Days On Site103

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:
$539,900
51.836363636364% of Average
On Site:
103
low | high
Med:
74
100% of Average
Listing Updated: 12/15/2018
MLS Number: 2096901
Listing Provided By:
RazrGroup .  of  Keller Williams Realty Urban Elite
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