4
See all 4 photos
$1,650,000
Est. payment /mo
0.29 Acres Lot
New
236 S Clarkson ST Denver, CO 80209
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Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Washington Park West
MLS Listing ID 5542018
HOA Y/N No
Lot Size 0.292 Acres
Acres 0.29
Property Sub-Type Improved Land
Property Description
Price is for entire parcel, which was recently approved for a variance to subdivide and build TWO new duplexes. This land has recently been approved for a variance allowing the 100' wide lot to be subdivided into two 50' wide lots that can then be each developed into it's own luxury duplex - 4 units total allowed to be constructed under variance. Located just West of Washington Park, this lot is elevated from the street and west-facing for unbelievable front-range views and walkability to the park. Sitting in the middle of an established, tree-lined block with minimal traffic, this is sure to be a great project. Most recent duplex land comps have sold for $1M - $1.2M for just ONE lot - the basis for each lot when purchasing this parcel is only $850k! ARV for each unit ranges from $1.6M - $1.8M, making this a worthwhile venture. Not to mention how exceedingly rare this opportunity is, seeing as though the entire neighborhood is zoned U-SU-B otherwise. The major BONUS is there is currently a fully-occupied, very well-maintained 4-plex sitting on the parcel to offset holding costs while finalizing plans. One might also explore another route of development by renovating and splitting the current 4-unit building to sell individually. The building is comprised of three 2/1 units, and one very large 3/2 unit with it's own finished basement as well. One of the 2/1 units also has full, unfinished basement underneath it that is currently common space.
Location
State CO
County Denver
Zoning U-TU-C
Exterior
Parking Features Carport
Carport Spaces 4
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available
Waterfront Description Public
View Mountain(s)
Private Pool No
Building
Lot Description Level, Near Public Transit, Subdividable
Sewer Public Sewer
Water Public
Schools
School District Elementary: Denver 1, Middle/Junior: Denver 1, High: Denver 1
Others
Tax ID 5114-17-005
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byIcon Real Estate, LLC
NEARBY SCHOOL & BUSINESS
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