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Sold for $390,000 on 02/21/23
  • $390,000

    5740 Olive Street, Commerce City, CO 80022

    0beds
    0baths
    2,292sqft
    Single Family Residence
    Built in 1951
    0.71 Acres Lot
    $455,400 Zestimate®
    $170/sqft
    $2,199 Estimated rent

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    What's special

    HUGE Price Reduction!! Bring All Offers!! Scrape & Develop Opportunity!! Excellent multi-family development site with over 30,000 SF of land and located in Commerce City's "Residential High" land use area which will support the following zone districts: R-3, R-4, PUD, and MU-1. Currently Zoned R-2, a developer can subdivide the property into three duplex parcels to add six units or apply for a ZONE CHANGE to R-4 for example which will allow up to 40 units. Great opportunity to add density and well located off major thoroughfares Quebec Street and 56th Ave. Close proximity to The Shops at Northfield, Dick's Sporting Good Park, I-70 commuting, DIA, Fitzsimons medical campus, and more. This is strictly a land sale for development as the existing building structures are not habitable and not accessible. Buyer will be responsible for razing the structures and property clean up as part of the purchase. Property including all structures will be sold in As-is condition. Contact Commerce City Planning Division to confirm zoning and development options - 303.289.8137

    Zillow last checked: 7 hours ago

    Listing updated: February 22, 2023 at 01:57pm

    Listed by:

    Jeff Piquette 303-489-5569,

    Iron Works Realty Llc

    Bought with:

    Sam Cardenas, 001276445

    RE/MAX Northwest Inc

    Source: REcolorado,MLS#: 7418917MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 0
    Heating
    • Forced Air
    Cooling
    • None
    Features
    • Basement: Unfinished
    Interior area
    • Total structure area: 2,292
    • Total interior livable area: 2,292 sqft
    • Finished area above ground: 1,284
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 10
    • Details: Off Street Spaces: 10
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.71 Acres
    • Features: Corner Lot
    Details
    • Parcel number: R0140395
    • Zoning: R-2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Unknown
    Condition
    • Fixer
    • Year built: 1951

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Commerce City
    • Subdivision: Creston

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Ownership: Individual
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    Estimated market value
    $455,400