2445 S Jackson Street, Denver

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. 4) Do some updates & live in this charming 1952 home with 5 bedrooms & 4 baths. 5) or build 1 huge luxury home on this gorgeous oversized lot for yourself or a custom client. The new home sales in Observatory Park have an average sold price of $3.3M. 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!

Madison & Company Properties.

Essential Information

MLS® #6426372

Price$1,759,900

Bedrooms5

Bathrooms4.00

Full Baths2

Half Baths1

Square Footage2,875

Acres0.41

Year Built1952

TypeResidential

Sub-TypeSingle Family

StatusActive

Community Information

Address2445 S Jackson Street

SubdivisionObservatory Park

CityDenver

CountyDenver

StateCO

Zip Code80210

Utilities

Cable Available, Electricity Available, Electricity Connected, Internet Access (Wired), Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected

Interior

FireplaceYes

# of Fireplaces1

FireplacesFamily Room, Wood Burning

StoriesTwo

BasementCrawl Space

Interior Features

Built-in Features, Entrance Foyer, High Speed Internet, In-Law Floor Plan, Primary Suite, Tile Counters, Utility Sink, Walk-In Closet(s), Wired for Data

Appliances

Convection Oven, Cooktop, Dishwasher, Disposal, Double Oven, Gas Water Heater, Microwave

Heating

Forced Air, Natural Gas, Wall Furnace, Wood

Cooling

Air Conditioning-Room, Attic Fan, Central Air

Exterior

RoofComposition, Membrane

Exterior Features

Garden, Private Yard, Rain Gutters

Lot Description

Landscaped, Level, Many Trees, Near Public Transit, Sprinklers In Front, Sprinklers In Rear, Subdividable

Windows

Double Pane Windows, Window Treatments

School Information

DistrictDenver 1

ElementaryUniversity Park

MiddleMerrill

HighSouth

Additional Information

Date ListedFebruary 15th, 2024

Days on Market69

ZoningS-SU-D

Parking Spaces2

# of Garages2

Parking

Circular Driveway, Concrete, Exterior Access Door, Lighted, Oversized, Storage

Listing Details

Madison & Company Properties

Property History

Apr. 3Price Reduced from $1,799,900 to $1,759,900

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