$525,000
135 S Lamar St Lakewood, CO 80226
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$525,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
10/03/2024 02:23 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Belmar Area
MLS Listing ID 4115047
HOA Y/N false
Originating Board REcolorado
Annual Tax Amount $3,456
Lot Size 0.340 Acres
Acres 0.34
Property Description
Here is an amazing opportunity in the Belmar area of Lakewood for a scrape, lot divide and build new with to up to four separate units possible! No HOA so no concerns there. Currently there is a 1610 Sq,Ft. duplex on a 14,633 Sq.Ft. corner lot that is zoned R-2. The property's condition is average to below average and is on that fine line between scrape or renovate. In my opinion the highest and best use is to scrape, divide the lot in two and build a new single family PLUS and an ADU on each side, creating 4 (four) total units. I spoke to a City of Lakewood planner and engineer several times and this very possible. There is a minor City of Lakewood (not FEMA) flood plain that nicks the corner of the lot (see pic) but will not reduce building envelope and actually I am told it will be revised and probably removed in the next year or so. Although the current total rents are low ($2470/mo), both sides are rented through 6/30/2025 so enjoy some cash flow while you gather permits & plans, etc. Welcome to drive by but please DO NOT contact tenants. Any showing will be arranged privately when under contract. Should be no problem with conventional financing but no FHA or VA. See supplements for R-2 Zoning and ADU guidelines. Seller will be doing a 1031 Exchange.
Location
State CO
County Jefferson
Area Metro Denver
Zoning R-2
Exterior
Fence Partial
Waterfront false
Street Surface Paved
Building
Lot Description Corner Lot
Sewer City Sewer, Public Sewer
Water City Water
New Construction false
Schools
School District Jefferson County R-1
Others
Senior Community false
Special Listing Condition Private Owner
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Listed by RE/MAX PROFESSIONALS • 303-907-8660
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