Active
3420 W 5th Avenue
Denver CO, 80204
$149,000
$296.22 per sqft
Active
1 Bed
1 Bath
503 sqft
Residential
Built in 1906
**Developer's Dream! Prime 1031 Exchange Opportunity in Thriving Barnum Neighborhood**
Prime investment opportunity in Denver's transforming Barnum neighborhood! Ideal for a 1031 exchange, this 1,500 sq. ft. lot offers potential for land use, scrape, or redevelopment in an area experiencing significant rezoning and revitalization. The current structure, formerly an ADU, provides the option for rental income through a rent-back arrangement with the seller while you secure permits, anticipated to take approximately 8 months. This lot offers endless possibilities for 1031 exchange investors and developers seeking land use, scrape, and redevelopment opportunities in one of Denver's most rapidly revitalizing areas.
Located within walking distance to Barnum Park, the Barnum Mountain Bike Park is also nearby, with beautiful Barnum Lake and its City views, and Barnum Recreation Center with pools to enjoy in the summer months. You will notice this property is surrounded by ample amenities.
**Please note: Gas service has been shut off to the property, and the insurability of the structure is unknown.** No interior showings will be permitted until an offer is received and accepted, and earnest money is deposited. Earnest money will become non-refundable ("go hard") 48 hours after Mutual Execution of Contract (MEC).
Take advantage of this rare opportunity to invest in one of Denver's fastest-evolving neighborhoods! Whether you're looking for a scrape-and-build or a land-use investment, this property is poised for tremendous future potential. Be sure to check out the possibilities for 1031, land use, residential income, and redevelopment opportunities!
2853692
MLSⓇ ID
November 13, 2024
Listed
November 20, 2024
Updated
Map
3420 W 5th Avenue
Denver CO, 80204
Interior Features
Total Stories
1
Bedrooms
1
Total Bathrooms
1
Full Bathrooms
1
Floor Description
Carpet, Laminate
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.03 Acres
Lot Features
Corner Lot, Level, Near Public Transit
Roof
Composition
Sewer
Public Sewer
School Information
School District
Denver 1
High School
West
Elementary School
Barnum
Other Property Details
Taxes
$1,456
Tax Frequency
Annually
Garage
No
Parking Total
2
View
No
County
Denver
Water Source
Public
Pool
No
Zoning
E-SU-D1X
Listing History
Date | Event | Price |
|---|---|---|
11/20/2024 | Active | — |
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Data last updated 8:47 AM UTC, 11/20/2024
