• SANTA FE DENVER, CO 80204

  • 4,292 SqFt
  • Commercial / REO Foreclosure

Property Details for SANTA FE St, DENVER, CO 80204

Features

Facts

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.

**Significant financial upside, this development was submitted PRIOR to the new Denver affordable housing requirements that went into effect in 2023. If the project was to be submitted today there would be an additional $300-400k in fees that would need to be paid to the city.**An incredible opportunity for investment and development awaits on this 16,786-square-foot lot in Baker. Offering plans for a 23-unit, three-story, mixed-use development, this coveted land offers exceptional potential for an innovative new project. Conveniently situated in proximity to the vibrant Santa Fe Arts District, this property grants easy access to galleries, restaurants and entertainment. This strategic location also provides swift accessibility to 6th Avenue ensuring convenience for both residents and businesses. Imagine bringing a personalized vision to life on this lot in a sought-after locale.

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