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3420 w 5th avenue denver, CO 80204

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$149,000

Beds: 1
Baths: 1
Fin SqFt: 503
MLS Number:
2853692

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Description:
**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!

Status: Coming Soon
Expected Active Date: 2024-11-20

Listing Office:
usaj realty

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Corner Lot
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Near Public Transit

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Want to schedule a private showing on this home or another home in denver? Call us at 303-726-1874 or email us at properties@petrelliteam.com.

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The Brian Petrelli Team is your Barnum, denver home specialist.

Our team of local denver experts have over 200 years of combined expertise in the Colorado Real Estate market. Give us a call today to put our knowledge and experience to work for you as you buy or sell your next Barnum home.

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The Brian Petrelli Team
Phone: 303-726-1874
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Homes Near 3420 W 5th Avenue Denver, Co 80204

3420 w 5th avenue
denver 80204
Status: Coming Soon

$149,000.00
Beds: 1 Baths: 1
MLS #:2853692
Listing Office:
usaj realty

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Want to see more properties in Barnum , denver or the surrounding areas? Email us for a full list at properties@petrelliteam.com.

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Call us today and find out why we're leaders for Houses in denver, Colorado and the most most qualified REALTORS in Barnum. We can show you any available home in denver, Colorado and provide you with the expertise and knowledge to make sure you get the best value for your money. In addition, we have access to $0 down mortgage programs to make financing easier. What are you waiting for? Call us today!
303-726-1874

The content relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Brian Petrelli Team are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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