2445 S Jackson Street, Denver
$1,759,900
UNIQUE BUILDING OPPORTUNITY! 18,000 SF lot for sale- You rarely see a lot this size for sale in Denver anymore. It fits all zoning requirements to be split into two 9,000 SF lots- Still extra large compared to the 6250 SF & 7500 SF lots most common in Observatory Park. POSSIBILITIES: You could knock down the house & finalize the lot split & sell both lots for the neighborhood market value ($1,250,000-$1,350,000) 2) Split the lot into two 9,000 SF lots, build for yourself on one side & sell the other. 3) Split the lot & build 2 new luxury spec homes on one of Denver's prettiest streets for huge profit potential. Zoning allows for a typical new build size for the neighborhood and the average price for new homes built since 2022 is $3.2M for an average. 4) or build one huge luxury home on this gorgeous oversized lot for yourself or a custom client. This portion of Jackson Street is often described as a country lane in the city. The cottonwood tree-lined street has no cross streets & a permanent exemption from sidewalk requirements. There's already a temporary 2nd address from the city; a survey showing all information the city needs to sub-divide; asbestos testing results & certificate showing all interior asbestos was removed. The lot has 2 curb cuts & 2 gates, a newer water line & a new circular driveway that can easily be modified to be reused for 2 new homes. There's a privacy fence in the backyard & original stately wrought iron fencing around the front. A 2 year old home down the street recently sold for $3.245M on a slightly smaller lot. Observatory Park's highest price sale is $5.396M. The median price per square foot for homes built since 2021 was $859 PSF above ground & $578 PSF total - sod in a median of 36 days. Observatory Park is a premier Denver neighborhood with 2 parks & a great location right between downtown Denver & the Denver Tech Center. This property is ready for redevelopment @ an amazing price!
Status: Active
Madison & Company Properties.
Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected
Landscaped, Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear, Subdividable
Circular Driveway, Concrete, Exterior Access Door, Lighted, Oversized, Storage
Madison & Company Properties
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Listing information last updated on May 15th, 2024 at 9:33pm MDT.
