19
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$675,000
Est. payment /mo
1.78 Acres Lot
Price Dropped by $175K
5701 W 10th Ave Lakewood, CO 80214
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5323647
HOA Y/N false
Originating Board REcolorado
Annual Tax Amount $1,411
Lot Size 1.780 Acres
Acres 1.78
Property Sub-Type Unimproved Land
Property Description
MASSIVE $175,000 PRICE REDUCTION to discount the property for the Utility Easement. Great development potential on this 1.78-acre level parcel, zoned for Multi-Family Residential (R-MF). The Buildable square footage on the East side of the property is approximately 30,550 sq ft. or .70 Acres, running the full 470' length North/South by 65' wide. The Primary structure height restriction is 45' allowing for 4 story buildings and no density restriction according to the City.
The utility easement then runs North/South down the property. This not "buildable" square footage, but it is usable, as discussions with Xcel have disclosed that they are amenable to this area being used for streets and/or parking.
The West corridor of the property is approximately 25' wide by 408' long. This approximately 9,400 Sq Ft parcel is also buildable square footage or open space with no easement on this portion.
The property is conveniently located adjacent to the Lakewood gulch trail that is a sidewalk/bike trail that leads to the Dry Gulch trail that goes to the Platt river trail and Denver.
There are many close public transportation options available like the bus route on 10th Avenue, the bike trail as mentioned and 2 light rail stations at Sheridan & Lamar with easy access and commuting to downtown Denver and Golden area.
Ideal for investors, the property's zoning supports potential uses like townhomes, apartments and/or affordable housing, offering versatile development possibilities.
Notably, the City of Lakewood has confirmed that if the property is used for Affordable Housing it will be Exempt from Parkland Ordinance requirements.
This is a rare opportunity for developers and investors to create a high-density residential project in a rapidly growing area with excellent infrastructure and transit connectivity.
Showings by appointment only.
The utility easement then runs North/South down the property. This not "buildable" square footage, but it is usable, as discussions with Xcel have disclosed that they are amenable to this area being used for streets and/or parking.
The West corridor of the property is approximately 25' wide by 408' long. This approximately 9,400 Sq Ft parcel is also buildable square footage or open space with no easement on this portion.
The property is conveniently located adjacent to the Lakewood gulch trail that is a sidewalk/bike trail that leads to the Dry Gulch trail that goes to the Platt river trail and Denver.
There are many close public transportation options available like the bus route on 10th Avenue, the bike trail as mentioned and 2 light rail stations at Sheridan & Lamar with easy access and commuting to downtown Denver and Golden area.
Ideal for investors, the property's zoning supports potential uses like townhomes, apartments and/or affordable housing, offering versatile development possibilities.
Notably, the City of Lakewood has confirmed that if the property is used for Affordable Housing it will be Exempt from Parkland Ordinance requirements.
This is a rare opportunity for developers and investors to create a high-density residential project in a rapidly growing area with excellent infrastructure and transit connectivity.
Showings by appointment only.
Location
State CO
County Jefferson
Area Metro Denver
Zoning R-MF
Exterior
Garage Spaces 2.0
Fence Partial, Other
Utilities Available Electricity Available
View Mountain(s), Plains View, City
Present Use Horses
Street Surface Paved,Gravel
Building
Lot Description Level, Sloped, Abuts Public Open Space
Sewer Other Water/Sewer, Community
Water City Water, Other Water/Sewer
New Construction false
Schools
School District Jefferson County R-1
Others
Senior Community false
Special Listing Condition Private Owner
Listed by Nancy Rainey • Coldwell Banker Realty 14 • Nancy.Rainey@cbrealty.com,303-579-0954