Incredible In-Fill Development or Redevelopment Opportunity located less than a 1/2 mile from the Colorado State University campus near Prospect & Shields. This expansive 1.59 acre parcel is perched nicely on a gradually sloping lot that would offer some really great mountain views to the West (if 2 story), possibly… Read More even walk out or garden level units. Abutting a natural canal area to the West, it offers a roomy and calming natural area feel. Also abuts a school to the North of the Property, ideal for new townhomes or condos in this great near CSU location. Quick sketch concept plans shows that up to 19 townhomes could be built here on this single lot! Would be a great Townhome resale product offering, or you could build out this project and lease the units to Undergrad and Graduate students at CSU, a need that had not been met or delivered for many years! Please contact Broker for an introduction to a local architect that has additional information on the current LMN zoning, potential land uses, and development potential here. Plenty of space for 1 and even 2 car garages and very good sized dwelling units to meet the market. Other product types and offerings could potentially also be developed here as well. Existing ~1,500 sqft adobe style home currently exists on the property that was built in 1947 and has several uses that could contribute additional value; use it as additional unit(s), make it a common amenity clubhouse, or make it an outlot and keep the home that is worth ~$650K+ stand alone. Also includes 3 detached garage/shop/outbuildings (1,157 sqft total) that are 21' x 20', 20' x 10', & 28' X 17'. Builders and Developers might consider a modern Santa Fe, or Modern Adobe concept to the project to complement the existing house? Additional land parcels could possibly be added to the West (PLEASE CONTACT BROKER WHO IS WORKING ON THAT), possibly increasing the total size of this potential project too! (No guarantees of this express nor implied) Read Less
Courtesy of Fort Collins Real Estate, LLC 9702228136
Listing Snapshot
Days Online
511
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
1
Square Ft.
1,582
Lot Size
1.59 Acres
Year Built
1947
MLS Number
IR1036287
Additional Details
Property Access
Road Surface: Paved
Appliances & Equipment
Dishwasher, Oven, Refrigerator
Building
Built in 1947, Living area: 1582, Levels: One, Construction Materials: Block, Concrete, Stucco
Exterior Features
Patio/Porch Features: Patio
Fence
Partial
Floors
Wood
Garage
3 spaces
Heating
Forced Air
Lot
1.59 acres
Parking
3 total parking spaces
Property
Mountain(s)
Sewer
Public Sewer
Taxes
Parcel Number: R0087866, Annual Amount: $4,138, Legal Description: TRACT 12, MAXFIELD, FTC; LESS S 7.5 FT FOR RD ROW PER 93011241, LESS 881-19, 1286-507, 1116-597, Year: 2024, Zoning: LMN
Utilities
Electricity Available, Natural Gas Available, Water Source: Public
Windows
Window Coverings
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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