Don't miss this AMAZING building opportunity near downtown Littleton! This 31,233 sqft lot is zoned R-4 on a quiet street backing to public land. Littleton zoning seems to allow for 4 single family homesites, or up to 8 townhome sites! Currently the site features a beautifully maintained 2-story Craftsman home with 2-3 car detached garage (potential $2700 rent), plus a duplex sporting two small units (Pro forma is $900 and $1100 rent respectively). This property will largely carry itself while you work out plans with the city for your next move!
This is a corner lot, featuring 245 feet of frontage onto Crocker Street, as well as 129 feet along Powers Avenue. The plot is adjacent to the Centennial Link Trail which makes for fantastic walking access to Downtown Littleton, Douglas H. Buck Community Rec Center, the Littleton Light Rail stop, and Slaughterhouse Gulch Park.
New custom homes are rare this close to Downtown Littleton, and when a developer can deliver one, they sell deep into 7 figures (See 5956 S. Sycamore @$1.5M, 5532 S. Cedar @1.28M, though not new and on other side of Windemere).
Single family lots, though also amazingly rare, are selling around $365k (see 5612 S. Cedar St).
Beautiful paired homes should sell around $1M in this area, and zoning seems to allow for up to 8 of these.
5605 S. Crocker across the street is only 12,500 sqft and zoned R-3 (less dense) and sold at $550k during Covid, and a foundation is already poured!
Lastly, check out 5489 S. Curtice, the only plot of land of similar size to sell in the past 2 years. $1.415M for 27,000 square feet, and backing to Santa Fe (great views, but lots of noise). This lot was already through entitlements, but sold 18 months ago before Covid during which time the value of residential property is up over 20%!
Don't miss this very rare opportunity for a relatively large development in a gorgeous Littleton locale--first time on the market in 40 years! A big reward awaits a creative mind!