Lakewood, CO 80214 5701 W 10th Ave

MASSIVE $275,000 PRICE REDUCTION! Great development potential on this 1.78-acre level parcel, zoned for Multi-Family Residential (R-MF). The Buildable square footage on the East side of the property is approximately 30,550 sq ft. or .70 Acres, 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.Discussions with Xcel have disclosed that they are amenable to the utility easement area being used for streets and/or parking.The West corridor of the property is approximately 25' wide by 408' long. This approximately 9,400 Sq Ft parcel is also buildable square footage or Open Space.The property is 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.There are many close public transportation options available like the bus route on 10th Avenue, the bike trail as mentioned and 2 light rail stations at Sheridan & Lamar with easy access and commuting to downtown Denver and Golden area.Ideal for investors, the property's zoning supports potential uses like townhomes, apartments and/or affordable housing, offering versatile development possibilities.Notably, 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.