$375,000

Great development potential. .68 Buildable Acre zoned Multi-Family Residential (R-MF). The property's zoning supports potential uses like townhomes, apartments and/or affordable housing, offering versatile development possibilities. Approximately 30,550 sq ft. running the full 470' length North/South by 65' wide. The Primary structure height restriction is 45' allowing for 4 story buildings and no density restriction according to the City. Next to the buildable R-MF area is an Xcel easement suitable for roadways and/or parking. To the West of that is a bonus 25' Wide by 400' Long buildable R-MF corridor of approximately 9,400 Sq Ft This parcel is also buildable square footage or can be used as Open Space. There are many close public transportation options available including the bus route on 10th Avenue and 2 light rail stations at Sheridan and Lamar with easy access and commuting to downtown Denver and Golden area. The property is also conveniently located adjacent to the Lakewood Gulch trail that is a sidewalk/bike trail that leads to the Dry Gulch trail that goes to the Platt river trail and Denver. The City of Lakewood has confirmed that if the property is used for Affordable Housing it will be exempt from Parkland Ordinance requirements. This is a rare opportunity for developers and investors to create a medium-density residential project in a rapidly growing area with excellent infrastructure and transit connectivity. Showings by appointment only.