View Property: (West Colfax) 1266 Newton Street, Denver, CO, 80204 (MLS # 2096901)

1266 Newton Street, Denver

$485,000

0 Beds
0 Baths
6,250 Sqft
.14 Acres
0 Garages

***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.

Status: Under Contract

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Essential Information
MLS® #2096901
Price$485,000
Total Square Footage6,250
Acres0.14
TypeLot / Land
Sub-TypeLot / Land
StatusUnder Contract
Taxes$1,567
Age RestrictionNo
Listing Financing

Cash, Conventional, Private Financing

Community Information
Address1266 Newton Street
SubdivisionWest Colfax
CityDenver
CountyDenver
StateCO
Zip Code80204
Amenities
ViewCity View
Exterior
Lot Description6250.00
School Information
DistrictDenver 1
Additional Information
Days on Website67
ZoningG-MU-3
Taxes$1,567
HOA Fees$0
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Keller Williams Realty Urban Elite

Property History
Status Changed from Active to Under Contract

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Listing information last updated on September 22nd, 2019 at 12:04pm MDT.

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