2825 Lake Avenue
2825 Lake Avenue
$89,900
25,264 / 0.58
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"...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 currently producing a gross revenue of more than $6,000 monthly. 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. Located on the NE Corner of Berkeley & Maryland (GPS 2825 Lake Ave to get close). Great deal to take advantage of the rapidly increasing rental rates in the area!
- Listed by Cassie Sheets • LISTINGS.COM • csheets@listings.com,303-726-6533
Property Details for 2825 Lake Avenue
View
Meadow, Mountain(s)
Subdivision Name135 South Lake Ave Area
AssociationNo
Multiple AssociationsNo
Location
LISTING UPDATED: 02/01/2024 02:23 PM
Property Details for 2825 Lake Avenue
Status | Active |
---|---|
MLS # | 1543137 |
Days on Compass | 87 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Vacant Land/Lots |
Year Built | - |
Lot Size | 0.58 AC |
County | Pueblo County |
Location
Building Information for 2825 Lake Avenue
Lot Size0.58 AC
Payment Calculator
$491 per month
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Property Information for 2825 Lake Avenue
Property History for 2825 Lake Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2825 Lake Avenue
Taxable ValueLand$1,520Additions-Total$1,520
Home Facts
Beds3Total Finished SqFt1,676 SqFtAbove Grade Finished SqFt1,676 SqFtStories1Lot Size50,823 SqFtStyleResidentialYear Built1945ZoningB-4CountyPUEBLOAPN1514416117Fireplace TypeHas Fireplace
Schools near 2825 Lake Avenue
This home is within Pueblo City 60 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 4 to 8 |
Rating | School | Distance |
---|---|---|
Minnequa Elementary School PublicPK to 5 | ||
Roncalli Middle School Public6 to 8 | ||
Central High School Public9 to 12 | ||
Corwin International Magnet School Public4 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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