UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 987 sqft
Price per Sqft $758
MLS Listing ID 6401528
Bedrooms 3
Three Quarter Bath 1
HOA Y/N No
Abv Grd Liv Area 987
Year Built 1900
Annual Tax Amount $1,539
Tax Year 2023
Lot Size 7,500 Sqft
Acres 0.17
Property Sub-Type Single Family Residence
Source recolorado
Property Description
Discover a rare investment opportunity with this large Mixed-Use Neighborhood (MU-N) zoned property in an excellent location, just a short bike ride from downtown Salida. This expansive offering includes all four lots and boasts stunning mountain views, outstanding development flexibility, and strong income potential.
The property currently features a 3 bedroom, 1 bath home and a detached garage, offering the option to renovate, rent, or utilize the existing structures during the planning and development process. The home is a true diamond in the rough, ready to be transformed into a profitable asset or repurposed to maximize the site's highest and best use.
Once the existing home and garage are removed, the property may accommodate up to 5 residential units, presenting an excellent opportunity for multi-family development such as a duplex, triplex, townhomes, or similar configuration (buyer to verify with City of Salida).
The Mixed-Use Neighborhood zoning also allows for a variety of commercial and lodging uses, including the potential for a boutique hotel, motel, hostel, or other income-producing project, making this a versatile opportunity for investors, builders, and developers looking to capitalize on Salida's strong growth and housing demand.
With its prime location near downtown amenities, restaurants, shopping, recreation, and bike paths, this property combines location, zoning flexibility, and development potential in one compelling package.
Don't miss this exceptional opportunity to create value in one of Salida's most desirable areas. Please see the virtual tour for additional perspective on the property and its potential.
Location
State CO
County Chaffee
Zoning Residential/Commercial
Rooms
Main Level Bedrooms 3
Interior
Interior Features Built-in Features
Heating Forced Air
Cooling None
Flooring Laminate, Wood
Fireplace N
Appliance Self Cleaning Oven
Laundry In Unit
Exterior
Exterior Feature Lighting
Parking Features Unpaved, Gravel, Exterior Access Door, Lighted, Oversized, Tandem
Garage Spaces 2.0
Fence None
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Roof Type Composition,Rolled/Hot Mop
Total Parking Spaces 2
Garage No
Building
Lot Description Corner Lot, Landscaped, Level, Many Trees, Mountainous, Near Public Transit
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame,Stucco
Schools
Elementary Schools Longfellow
Middle Schools Salida
High Schools Salida
School District Salida R-32
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner Will Carry, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, Owner Will Carry, VA Loan
Special Listing Condition None
Pets Allowed Cats OK, Dogs OK
Virtual Tour https://tours.perfectshotphotography.net/2285623
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Nearby School & Business
Get More Information
- Homes For Sale in Denver, CO
- Homes For Sale in Lakewood, CO
- Homes For Sale in Arvada, CO
- Homes For Sale in Golden, CO
- Homes For Sale in Evergreen, CO
- Homes For Sale in Littleton, CO
- Homes For Sale in Highlands Ranch, CO
- Homes For Sale in Parker, CO
- Homes For Sale in Aurora, CO
- Homes For Sale in Thornton, CO
- Homes For Sale in Wheat Ridge, CO
- Homes For Sale in Broomfield, CO
- Homes For Sale in Fort Collins, CO
- Homes For Sale in Loveland, CO
- Homes For Sale in Wellington, CO
- Homes For Sale in Windsor, CO
- Homes For Sale in Timnath, CO
- Homes For Sale in Greeley, CO
- Homes For Sale in Brighton, CO
- Homes For Sale in Commerce City, CO
- Homes For Sale in Longmont, CO
- Homes For Sale in Boulder, CO
- Homes For Sale in Estes Park, CO
- Homes For Sale in Castle Rock, CO