135-137 S Lamar ST Active Save Request In-Person Tour Request Virtual Tour
Lakewood,CO 80226
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Belmar Area
MLS Listing ID 4115047
Annual Tax Amount $3,456
Tax Year 2023
Lot Size 0.340 Acres
Property Description
Here is an amazing opportunity in the Belmar area of Lakewood for a scrape, lot divide and build new with to up to four separate units possible! No HOA so no concerns there. Currently there is a 1610 Sq,Ft. duplex on a 14,633 Sq.Ft. corner lot that is zoned R-2. The property's condition is average to below average and is on that fine line between scrape or renovate. In my opinion the highest and best use is to scrape, divide the lot in two and build a new single family PLUS and an ADU on each side, creating 4 (four) total units. I spoke to a City of Lakewood planner and engineer several times and this very possible. There is a minor City of Lakewood (not FEMA) flood plain that nicks the corner of the lot (see pic) but will not reduce building envelope and actually I am told it will be revised and probably removed in the next year or so. Although the current total rents are low ($2470/mo), both sides are rented through 6/30/2025 so enjoy some cash flow while you gather permits & plans, etc. Welcome to drive by but please DO NOT contact tenants. Any showing will be arranged privately when under contract. Should be no problem with conventional financing but no FHA or VA. See supplements for R-2 Zoning and ADU guidelines. Seller will be doing a 1031 Exchange.
Location
State CO
County Jefferson
Zoning R-2
Exterior
Fence Partial
Building
Lot Description Corner Lot,Subdividable
Sewer Public Sewer
Water Public
Schools
School District Jefferson County R-1
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None