$1,650,000

422 Garfield Street

Denver CO, 80206

Description

Rare opportunity for residential development in Cherry Creek North. Nestled among $2M+ new construction townhouses and single-family homes, this future development site offers the unique opportunity to generate income while development plans are being made, or to buy and hold for cash flow. Rents are currently below market rate and could easily be increased. Detached alley loading garages. Units have been well maintained and are in good condition. The site is zoned G-RH-3 with view plane easement for future development, call listing agent with questions regarding easement.

Details

MLS#7296599
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1951
Days On Site129

Features

SQ Feet3,056
Story(s)1
Units4
ZoningG-RH-3

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Area Information

StateCO
CountyDenver
CityDenver
Zip Code80206
AreaDenver
Listing VS Median (in 80206)
Price:
$1,650,000
low | high
Med:
$726,000
100% of Average
SqFt:
3,056
low | high
Med:
1,914
87.369109947644% of Average
$ / SqFt:
$540
low | high
Med:
$379
79.747126436782% of Average
On Site:
129
low | high
Med:
111
100% of Average
Listing Updated: 11/12/2019
MLS Number: 7296599
Listing Provided By:
Michelle Seward  of  LIV Sothebys International Realty