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Lake Avenue, Pueblo, CO, 81004

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Lake Avenue, Pueblo, CO, 81004

Beds
0 Baths
SqFt
0.58 Acres

Listing Id

6861030
$89,900

Fabulous upside in this .58-acre lot with mountain views in the up &#38' 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 &#38' best use at this time is Multifamily in the city&#39'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 &#38' parcel number in Documents tab) and the address(es) is TBD based on the development use. The seller’s original plan was to hold &#38' develop in a few years, hoping to convince the city to allow 6-8 units given that it’s 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 shouldn’t 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 it’s quieter and less congested. Great deal to take advantage of the rapidly increasing rental rates in the area!

Property Details
Price:
$89,900
MLS #:
6861030
Status:
Active
Baths:
0
Address:
Lake Avenue
Type:
Land
Subdivision:
Sunnyside
City:
Pueblo
Listed Date:
Feb 3, 2024
State:
CO
ZIP:
81004
Lot Size:
25,264 sqft / 0.58 acres (approx)
Interior
Exterior
Water
See Prop Desc Rem
Schools
School District:
Pueblo-60
Financial
Association Fee
0.00
Tax Year
2023
Taxes
$0

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Lake Avenue
Pueblo, CO