3420 W 5th Ave Denver, CO 80204

Listing details for 3420 W 5th Ave, Denver, CO 80204 : Profitable Investment Opportunity in Denver’s Thriving Barnum Neighborhood! This 1,500 sq. ft. lot presents an excellent opportunity for redevelopment in a rapidly revitalizing area. Surrounded by properties valued at $500K+, this lot is ideal for a scrape-and-build project or other investment opportunities. • Zoning & Development Potential: The seller is obtaining an official zoning letter from the city to confirm permitted uses. Previously home to an Accessory Dwelling Unit (ADU), the lot may allow for additional development options beyond an ADU. • Ideal for 1031 Exchange: A great option for investors seeking a 1031 exchange, with strong potential for residential income development in a growing neighborhood. • Prime Location: Walkable to Barnum Park, close to Barnum Recreation Center and the bike park, with convenient access to shopping, dining, public transportation and major roadways. • Land Sale Opportunity: The existing structure is likely beyond repair, making this best suited for redevelopment rather than a rehab investment. Zoning letter has been obtained. Notes from City Planner in Denver: The primary structure is not an ADU as this is its own zone lot. Yes the zone district lists a 6,000 SF minimum, but since the primary structure was built before zoning code, it is on a Non-conforming zone lot. Use and development of Non-conforming zone lots is covered in DZC 12.10.3.4. Buyers can scrape and rebuild, it would not be to the ADU form standard. It would be required that they develop it under E-SU-Dx zoning regulations, and the Suburban House form standard is the only form allowed for a small non-conforming zone lot. Don’t miss this chance to capitalize on Barnum’s ongoing transformation! Contact us for zoning details, land use possibilities, and 1031 exchange eligibility.