MLS® ID: 2096901

1266 Newton Street

Denver, Colorado, 80204

$485,000 Active
  • - SQFT
***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.
Read More

Listing courtesy of Keller Williams Realty Urban Elite

Amenities

  • Zip
    80204
  • Office name
    Keller Williams Realty Urban Elite
  • Property type
    Land
  • Zoning type
    G-MU-3
  • Community name
    West Colfax
  • School district
    Denver 1
  • Lot size
    0.14
  • Sewer
    Public
  • Tax year
    2017
  • Agent name
    RazrGroup .
  • Tax amount
    $ 1567.0
  • Price Range
    $400k-$500k
  • Acreage Range
    < 0.25
  • Office ID
    KWRUE
  • Agent ID
    5382

Location

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info