1266 Newton St
$485,000, 6,250 Sqft .14 Acres
About This Property
***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.
Keller Williams Realty Urban Elite.
Keller Williams Realty Urban Elite
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Listing information last updated on July 23rd, 2019 at 9:04pm MDT.