Colorado Springs Real Estate | Springs Homes
Springs Homes Real Estate
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 seller’s original plan was to hold & 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!

Features
2023
: See Prop Desc Rem
: Horses Allowed, Fence-perimeter
Address Details
Lake
Avenue
81004
0
W105° 22' 22.7''
N38° 13' 18.4''
Neighborhood/Community/HOA
: Not Applicable
MLS Addon
0
Lot Info
0.5800
Acres
Near Hospital,Near Park,Near Public Transit
Meadow,Mountain View
School Info
: Pueblo-60
Listing Office
LISTINGS.COM

Land For Sale

Lake Avenue Pueblo Colorado 81004

0.58 Acre
$89,900
MLS ID #6861030
Listing Summary
Status : Active
Property Type : Land
MLS ID : 6861030
Price : $89,900
Lot Area : 0.58 Acre
MLS Area Minor : Sunnyside
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Pikes Peak Multiple Listing Service 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. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR Services Corp. 

Data last updated: 05/25/2024 5:17
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