UPDATED:
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Lohi
MLS Listing ID 6029196
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $5,770
Tax Year 2021
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Improved Land
Property Description
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
Zoning G-MU
Interior
Fireplace N
Exterior
Garage No
Building
Lot Description Level
Sewer Public Sewer
Schools
School District Denver 1
Others
Ownership Agent Owner
Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo, Other
Listing Terms 1031 Exchange, Cash, Conventional, Jumbo, Other
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "
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