$818,000
$839,900
2.6%For more information regarding the value of a property, please contact us for a free consultation.
2540 S Syracuse WAY Denver, CO 80231
Key Details
Sold Price $818,000
Property Type Commercial
Sub Type Commercial Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6366481
Sold Date 03/30/22
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $1,538
Tax Year 2018
Acres 0.13
Property Sub-Type Commercial Land
Property Description
Fantastic redevelopment opportunity in Cherry Creek School District and backing to the High Line Canal!
The sale includes 4 contiguous lots totaling approximately 1 Acre, comprised of 2 residential units located at 2550 and 2520 S Syracuse Way and 2 commercial lots located at 2540 and 2576 S Syracuse Way. 2576 being rented month-to-month for $500 as yard storage. 2520 S Syracuse Way is being rented on a month-to-month lease for $950 and 2550 S Syracuse Way is utilized as an office space.
Arapahoe County's recommendation is for a low-rise Multi-Family redevelopment with rooftop and a recommended density between 13 and 26 multi-family units per acre. Alternatively, for SFR redevelopment, curing the lot dimensions is required by the county. Lot square footage requirements and water retention pond depend on what zone district the buyer chooses to rezone to. As a third option, the buyer can utilize the current zoning and the existing homes to run a home-style business e.g. Landscaping or Yard.
Location
State CO
County Arapahoe
Zoning Commercial Lot
Interior
Fireplace N
Exterior
Garage No
Others
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Asio LLC