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
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
Owner options
What's special
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#: 7418917

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