Status: Active Under Contract
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.
Keller Williams DTC.
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Listing information last updated on July 10th, 2020 at 10:51am MDT.