$250,000

This property presents an opportunity for development in the vibrant North Lowell Heights neighborhood of north Denver. Situated in the highly sought-after Berkley area, with Arvada to the west and Westminster to the north, the location is prime. The schools in this area are Westminster, offering a distinct advantage. Spanning an impressive 35,562 sq ft parcel (.82 acres), currently zoned R-2, the potential for this lot is immense. With the recent development in the vicinity, rezoning opens up a world of possibilities. The existing R-2 zoning permits two units, with the potential for two stunning new homes. However, let your imagination run wild! A rezone could allow for an apartment building, similar to those being constructed just one block to the northwest, or perhaps townhomes, like the ones currently being completed on the same block to the east. The options here are limitless. Rezoning for 5 to 10 townhome units or even multiple three-story buildings housing numerous condos. The lot extends a generous 300' in depth, with a width of 91' at the front, expanding to 145' halfway to the back. The possibilities for this property are truly boundless. Currently, there is a 1,050 sq ft house on the lot, which, although unlikely to be salvageable, presents an opportunity for a major renovation. Utilities are already in place, exclusively tied to the property. It's important to note that the true value lies in the land, not in any existing structures. This property is on the north end of the Berkley neighborhood in Denver. Arvada is just to the west and Westminster is just to the north. This is a prime location with redevelopment happening everywhere. You can stand in front of this lot, and just by turning in a 360 degree circle, you can see 3 or 4 newer build complexes that were likely rezoned to accommodate what's being built on them...condos, townhomes, you name it. And this area is only going to keep getting more popular as more and more redevelopment happens.