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1150-1160 Dahlia - REDEVELOPMENT OPPORTUNITY 0.29 Acres of Residential Land Offered at $1,200,000 in Denver, CO 80220
EXECUTIVE SUMMARY
Amazing opportunity to build two new luxury homes across the street from Lindsley Park and in a location that is surrounded by thriving residential neighborhoods. The highest and best use for this rare 12,500 SF lot is to be subdivided into two 6,250 SF lots with two luxury new builds. Other large lots in the neighborhood are typically 6,250 SF and new home sales since 2021 have sold for as high as $1,640,000 to $2,849,000.
Lindsley Park is a gem for the neighborhood and hosts four tennis courts, a basketball court, walking path, playground, horseshoe pit, baseball diamond, and a picnic area. Other notable developments in the area are the Rose Medical Center Complex and the 41-acre former University of Colorado Health Sciences Center mixed-use redevelop site that calls for approximately 900 residential units, up to 300,000-square-feet for retail, restaurant and a 140-room hotel, up to 200,000-square-feet of office space, 2,600 parking spaces and four acres of park and greenspace for the development and surrounding neighborhoods.
The current home on the site has a long-term tenant leasing on a m-t-m basis. House will be vacated on or before closing. Demolition of house will be required at Buyers cost.
Lindsley Park is a gem for the neighborhood and hosts four tennis courts, a basketball court, walking path, playground, horseshoe pit, baseball diamond, and a picnic area. Other notable developments in the area are the Rose Medical Center Complex and the 41-acre former University of Colorado Health Sciences Center mixed-use redevelop site that calls for approximately 900 residential units, up to 300,000-square-feet for retail, restaurant and a 140-room hotel, up to 200,000-square-feet of office space, 2,600 parking spaces and four acres of park and greenspace for the development and surrounding neighborhoods.
The current home on the site has a long-term tenant leasing on a m-t-m basis. House will be vacated on or before closing. Demolition of house will be required at Buyers cost.
PROPERTY FACTS
| Price | $1,200,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Single Family Residence |
| No. Lots | 1 | Total Lot Size | 0.29 AC |
| Zoning | U-SU-C - Single unit district allowing urban houses with minimum zone lot of 5,500 square feet.Blocks typically have a consistent pattern of 50-foot-wide lots. | ||
| Price | $1,200,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 0.29 AC |
| Zoning | U-SU-C - Single unit district allowing urban houses with minimum zone lot of 5,500 square feet.Blocks typically have a consistent pattern of 50-foot-wide lots. |
1 LOT AVAILABLE
Lot 8 - 11
| Price | $1,200,000 | Lot Size | 0.29 AC |
| Price Per AC | $4,181,752.92 |
| Price | $1,200,000 |
| Price Per AC | $4,181,752.92 |
| Lot Size | 0.29 AC |
ZONING: U-SU-C within the City and County of Denver. LEGAL DESCRIPTION: Lots 8 to11, Block 5, Keatings Colfax Avenue Subdivision, City and County of Denver, State of Colorado. Parcel #s: 1150 Dahlia St (0606125006000); 1160 Dahlia St(0606125004000)
DESCRIPTION
The property is improved with one-778 square foot single family home constructed in 1951. The home has two-bedrooms, one-bathroom and is currently leased with a long-term tenant on a M-T-M lease. The balance of the lot is improved with asphalt paving currently used as parking for the Dahlia Street Church. The home will be vacated on or before closing and demolition will be required at Buyers cost to facilitate the lot line adjustment.
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Bike Score®
Very Bikeable (81)
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1150-1160 Dahlia - REDEVELOPMENT OPPORTUNITY
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