Status: Active Under Contract
Spectacular re-development opportunity in the Berkeley neighborhood just 3 blocks from the shops and restaurants on Tennyson St. Walking distance to coffee shops, Natural Grocers and Sprouts Market. This is a scrape-off lot with a small existing home, currently rented. This large 6250 sf “double lot” has rare U-SU-C1 zoning allowing for an Accessory Dwelling Unit to be built in addition to a new Single-Family Residence. So many possibilities with the ADU: an In-Law apt., for in-town guests, Air BnB or a long-term rental income. This west-facing lot is ideal for a shaded patio area and private rear yard.
New SFR values are $1.5-1.7 mill especially within walking distance to Tennyson St. Fantastic upside with opportunity to build a 3rd floor Loft area with roof-deck for western views on this wider 50’ x 125’ lot size vs. the narrower 4680 sf lots. This property is 6250 sf lot size with rear alley garage access. The scrape-off lot at 4107 Winona Ct recently sold for $555,000. This is well-priced and below $500k.
This property is being sold “As Is”/Land Value only. Please do NOT disturb the tenants.
Optimum Realty Denver.
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Listing information last updated on August 5th, 2020 at 6:45am MDT.