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$2,150,000
Est. payment /mo
10,018 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Lohi
MLS Listing ID 6029196
HOA Y/N false
Originating Board REcolorado
Annual Tax Amount $5,770
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Unimproved Land
Property Description
Development Opportunity - Land Approved for 5-Story, 33-Unit Project
Exceptional investment opportunity to acquire a development parcel that was previously approved by Denver permitting department for a 5-story, 33-unit multifamily project. While the previous permitting process expired, the project can be resubmitted for approval, with an estimated timeline of approximately 9-12 months. The original architect is available and familiar with the plans, offering a seamless path forward to the construction phase.
The property currently includes three existing residential units and a storage structure, all of which can generate interim rental income during the permitting process.
Exceptional investment opportunity to acquire a development parcel that was previously approved by Denver permitting department for a 5-story, 33-unit multifamily project. While the previous permitting process expired, the project can be resubmitted for approval, with an estimated timeline of approximately 9-12 months. The original architect is available and familiar with the plans, offering a seamless path forward to the construction phase.
The property currently includes three existing residential units and a storage structure, all of which can generate interim rental income during the permitting process.
Location
State CO
County Denver
Area Metro Denver
Zoning G-MU
Building
Lot Description Level
Sewer City Sewer, Public Sewer
New Construction false
Schools
School District Denver 1
Others
Senior Community false
Special Listing Condition Other Owner
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Listed by Christine Kresge • Avenue Realty & Mortgage • ckresge@ave-realty-mtg.com