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1150-1160 Dahlia - REDEVELOPMENT OPPORTUNITY

0.36 Acres of Residential Land Offered at $1,396,500 in Denver, CO 80220

Executive Summary

Amazing opportunity to build two new luxury homes across the street from Lindsley Park and in a location that is surrounded by thriving residential neighborhoods. The highest and best use for this rare 15,625 SF lot is to be subdivided into two 7,812.50 SF lots with two luxury new builds. Other large lots in the neighborhood are typically 7,750 SF and new home sales since 2021 have sold for as high as $1,640,000 to $2,849,000.
Lindsley Park is a gem for the neighborhood and hosts four tennis courts, a basketball court, walking path, playground, horseshoe pit, baseball diamond, and a picnic area. Other notable developments in the area are the Rose Medical Center Complex and the 41-acre former University of Colorado Health Sciences Center mixed-use redevelop site that calls for approximately 900 residential units, up to 300,000-square-feet for retail, restaurant and a 140-room hotel, up to 200,000-square-feet of office space, 2,600 parking spaces and four acres of park and greenspace for the development and surrounding neighborhoods.
The current home on the site is being sold as-is and has a long-term tenant leasing on a m-t-m basis.

Property Facts

Price $1,396,500
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.36 AC

1 Lot Available

Lot 8 - 12

Price $1,396,500
Price Per AC $3,893,215
Lot Size 0.36 AC

ZONING: U-SU-C within the City and County of Denver. LEGAL DESCRIPTION: Lots 8 to12, Block 5, Keatings Colfax Avenue Subdivision, City and County of Denver, State of Colorado. Parcel #s: 1150 Dahlia St (0606125006000); 1160 Dahlia St(0606125004000)

Description

The property is improved with one-778 square foot single family home constructed in 1951. The home has two-bedrooms, one-bathroom and is currently leased with a long-term tenant on a M-T-M lease. The balance of the lot is improved with asphalt paving currently used as parking for the Dahlia Street Church.

Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code U-SU-C (Single unit district allowing urban houses with minimum zone lot of 5,500 square feet.Blocks typically have a consistent pattern of 50-foot-wide lots.)
U-SU-C (Single unit district allowing urban houses with minimum zone lot of 5,500 square feet.Blocks typically have a consistent pattern of 50-foot-wide lots.)
  • Listing ID: 29990236

  • Date on Market: 11/7/2023

  • Last Updated:

  • Address: 1150-1160 Dahlia, Denver, CO 80220

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