3420 W 5th AVE Coming Soon Save Request In-Person Tour Request Virtual Tour
Denver,CO 80204
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 503 sqft
Price per Sqft $296
Subdivision Barnum
MLS Listing ID 2853692
Bedrooms 1
Full Baths 1
HOA Y/N No
Originating Board recolorado
Year Built 1906
Annual Tax Amount $1,456
Tax Year 2023
Lot Size 1,306 Sqft
Acres 0.03
Property 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!
Location
State CO
County Denver
Zoning E-SU-D1X
Rooms
Main Level Bedrooms 1
Interior
Heating Forced Air
Cooling None
Flooring Carpet,Laminate
Fireplace N
Exterior
Roof Type Composition
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot,Level,Near Public Transit
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Barnum
Middle Schools Strive Westwood
High Schools West
School District Denver 1
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange,Cash
Listing Terms 1031 Exchange,Cash
Special Listing Condition None