SWADLEY ARVADA, CO 80002

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Redevelopment Opportunity! Great in-fill location. 5220 5225 Swadley St are being sold with the parcel behind totaling 4.994 Acres on W 52nd Ave with 212' frontage;. Near I-70 access, with all utilities on site. Three houses, garage, shed and outbuildings. Seller owns water rights to 3" with Wannamaker Ditch (separate). Previously used as horse property, fenced; adjacent to an equestrian center to East and Rainbow Ridge Subdivision at Tabor Street to West. Current Ag-2 zoning. Wheat Ridge will allow agri-business or redevelopment to single family lots. Seller may finance up to $1M of purchase price provided loan is in 1st position. Ag-2 Permitted Special Uses: General farming and keeping stock, residential group or foster care homes, riding stables, greenhouses landscape nurseries and sales, day care center, schools, churches, animal daycare facility, etc., and as accessory uses: home occupations, urban gardens, and parking of equipment and large trucks/trailers when used in support of agriculture and public maintenance operations.