Skip To Content

Lake Avenue

Pueblo, CO 81004
  • $89,900
  • STATUS: Active
  • ON SITE: 110 Days
  • ID#: 6861030
UPDATED: 173 min ago
$89,900
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of LISTINGS.COM: 303-558-3100.

Description

Fabulous upside in this .58-acre lot with mountain views in the up & coming SW area of Pueblo! City planners will allow rezoning to R4 or R5 - or 4 or 5 rental units (Document tab for details). Commercial or B4 zoning is another alternative, although the highest & best use at this time is Multifamily in the city's opinion. It is located in the Mixed Neighborhood Future Land use category which allows commercial rezonings or multifamily. The adjacent property on the Lake Ave side is the only "real" neighbor and is the same sized lot containing 4 small units . The original parcel was 1.16 acres, split into 23 narrow lots (running north/south " see Document tab), and formerly a horse ranch so the current zoning is A-4. The newly-divided parcel is 11 lots (legal description & parcel number in Documents tab) and the address(es) is TBD based on the development use. The sellers original plan was to hold & develop in a few years, hoping to convince the city to allow 6-8 units given that its already split into 11 lots, and is congruent with housing in the area. Taxes will also be determined based on the development. According to recent correspondence with city planners (Documents tab has contact information to verify info), rezoning is only a few hundred dollars and shouldnt take more than 90 days. They also stressed that the new City of Pueblo regime will be focusing on making development much easier in Pueblo moving forward. Ideal location with 2-mintue access to I25 and high-walkability with a bus stop steps away " yet, far enough from Lake Ave that its quieter and less congested. Great deal to take advantage of the rapidly increasing rental rates in the area!

Monthly Payment Calculator



Pikes Peak Multiple Listing Service logo Action Team Realty- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2024-05-22T07:40:55.88.
www.actionteamcolorado.com/homes/147196833
Print Image

Lake Avenue Pueblo, CO 81004

  • Price: $89,900
  • Status: Active
  • On Site: 110 Days
  • Updated: 173 min ago
  • ID#: 6861030
0
Beds
0
Baths
0
½ Baths
0.58
Acres
Neighborhood:
Sunnyside
County:
Pueblo
Area:
Pueblo
School District:
Pueblo-60
Property Description
Fabulous upside in this .58-acre lot with mountain views in the up & coming SW area of Pueblo! City planners will allow rezoning to R4 or R5 - or 4 or 5 rental units (Document tab for details). Commercial or B4 zoning is another alternative, although the highest & best use at this time is Multifamily in the city's opinion. It is located in the Mixed Neighborhood Future Land use category which allows commercial rezonings or multifamily. The adjacent property on the Lake Ave side is the only "real" neighbor and is the same sized lot containing 4 small units . The original parcel was 1.16 acres, split into 23 narrow lots (running north/south " see Document tab), and formerly a horse ranch so the current zoning is A-4. The newly-divided parcel is 11 lots (legal description & parcel number in Documents tab) and the address(es) is TBD based on the development use. The sellers original plan was to hold & develop in a few years, hoping to convince the city to allow 6-8 units given that its already split into 11 lots, and is congruent with housing in the area. Taxes will also be determined based on the development. According to recent correspondence with city planners (Documents tab has contact information to verify info), rezoning is only a few hundred dollars and shouldnt take more than 90 days. They also stressed that the new City of Pueblo regime will be focusing on making development much easier in Pueblo moving forward. Ideal location with 2-mintue access to I25 and high-walkability with a bus stop steps away " yet, far enough from Lake Ave that its quieter and less congested. Great deal to take advantage of the rapidly increasing rental rates in the area!
Exterior Features

Features Extra Fence-PerimeterHorses Allowed Lot Description MeadowMountain View Lot Size 0.5800 Lot Size Units Acres Topography Meadow

Property Features

Association Fee 0.00 Association Fee Frequency Not Applicable Lot Location Near HospitalNear ParkNear Public Transit Notices Broker Owned Tax Amount 0.00 Tax Year 2023 Terms CashConventional Vegetation Grass Water See Prop Desc Rem



Pikes Peak Multiple Listing Service logo Action Team Realty- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2024-05-22T07:40:55.88.
 
https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_1_6861030-2.jpg https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_1_6861030-2.jpg https://bt-photos.global.ssl.fastly.net/ppmls/orig_boomver_1_6861030-2.jpg
Logo
Action Team Realty
6265 Lehman Drive, Ste 100
Colorado Springs CO, 80918
Pikes Peak Multiple Listing Service logo Listing provided courtesy of LISTINGS.COM: 303-558-3100.